This property looks like a bad Airbnb investment with a projected -15.99% first-year return on $175k initial cash invested.
-15.99%
Cash On Cash
2.58%
Cap Rate
0.43
DSCR
$4,601
Rent
-$2,337
Cashflow
Cash Flow
$4,601 income − $6,938 expenses = $2,337 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,495
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,601
Total Expenses
$6,938
Mortgage P&I
82%
$3,762
Property Taxes
15%
$706
Home Insurance
6%
$262
HOA
0%
$0
Property Management
15%
$690
CapEx
4%
$184
Vacancy
0%
$0
Maintenance
4%
$184
Other
25%
$1,150