This property looks like a bad Airbnb investment with a projected -25.77% first-year return on $383k initial cash invested.
-25.77%
Cash On Cash
1.2%
Cap Rate
0.18
DSCR
$7,164
Rent
-$8,218
Cashflow
Cash Flow
$7,164 income − $15,382 expenses = $8,218 out of pocket
Investment Breakdown
|
Purchase Price
$1737k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$383k
Downpayment
20%
$347k
Closing costs
1%
$17,366
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,164
Total Expenses
$15,382
Mortgage P&I
135%
$9,666
Property Taxes
23%
$1,647
Home Insurance
9%
$629
HOA
0%
$0
Property Management
15%
$1,075
CapEx
4%
$287
Vacancy
0%
$0
Maintenance
4%
$287
Other
25%
$1,791