This property looks like a bad Airbnb investment with a projected -24.07% first-year return on $175k initial cash invested.
-24.07%
Cash On Cash
1.08%
Cap Rate
0.17
DSCR
$2,981
Rent
-$3,516
Cashflow
Cash Flow
$2,981 income − $6,497 expenses = $3,516 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,981
Total Expenses
$6,497
Mortgage P&I
137%
$4,069
Property Taxes
25%
$736
Home Insurance
9%
$262
HOA
0%
$0
Property Management
15%
$447
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$745