This property looks like a bad Airbnb investment with a projected -8.11% first-year return on $174k initial cash invested.
-8.11%
Cash On Cash
4.55%
Cap Rate
0.75
DSCR
$5,951
Rent
-$1,178
Cashflow
Cash Flow
$5,951 income − $7,129 expenses = $1,178 out of pocket
Investment Breakdown
|
Purchase Price
$745k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,447
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,951
Total Expenses
$7,129
Mortgage P&I
63%
$3,761
Property Taxes
4%
$235
Home Insurance
5%
$276
HOA
0%
$0
Property Management
15%
$893
CapEx
4%
$238
Vacancy
0%
$0
Maintenance
4%
$238
Other
25%
$1,488