This property looks like a bad Airbnb investment with a projected -17.31% first-year return on $175k initial cash invested.
-17.31%
Cash On Cash
3.09%
Cap Rate
0.45
DSCR
$5,221
Rent
-$2,528
Cashflow
Cash Flow
$5,221 income − $7,749 expenses = $2,528 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
7.6%
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
$5,221
Total Expenses
$7,749
Mortgage P&I
81%
$4,245
Property Taxes
14%
$736
Home Insurance
5%
$262
HOA
0%
$0
Property Management
15%
$783
CapEx
4%
$209
Vacancy
0%
$0
Maintenance
4%
$209
Other
25%
$1,305