This property looks like a bad Airbnb investment with a projected -24.54% first-year return on $107k initial cash invested.
-24.54%
Cash On Cash
0.01%
Cap Rate
0
DSCR
$2,092
Rent
-$2,193
Cashflow
Cash Flow
$2,092 income − $4,285 expenses = $2,193 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,000
Closing costs
1%
$4,250
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,092
Total Expenses
$4,285
Mortgage P&I
101%
$2,112
Property Taxes
49%
$1,019
Home Insurance
7%
$149
HOA
0%
$0
Property Management
15%
$314
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$523