This property looks like a bad Airbnb investment with a projected -14.96% first-year return on $175k initial cash invested.
-14.96%
Cash On Cash
2.87%
Cap Rate
0.47
DSCR
$4,246
Rent
-$2,185
Cashflow
Cash Flow
$4,246 income − $6,431 expenses = $2,185 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,246
Total Expenses
$6,431
Mortgage P&I
90%
$3,804
Property Taxes
8%
$326
Home Insurance
6%
$262
HOA
0%
$0
Property Management
15%
$637
CapEx
4%
$170
Vacancy
0%
$0
Maintenance
4%
$170
Other
25%
$1,062