This property looks like a bad Airbnb investment with a projected -17.29% first-year return on $176k initial cash invested.
-17.29%
Cash On Cash
2.33%
Cap Rate
0.38
DSCR
$4,013
Rent
-$2,529
Cashflow
Cash Flow
$4,013 income − $6,542 expenses = $2,529 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$150k
Closing costs
1%
$7,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,013
Total Expenses
$6,542
Mortgage P&I
95%
$3,824
Property Taxes
13%
$529
Home Insurance
7%
$262
HOA
0%
$0
Property Management
15%
$602
CapEx
4%
$161
Vacancy
0%
$0
Maintenance
4%
$161
Other
25%
$1,003