This property looks like a bad Airbnb investment with a projected -21.85% first-year return on $107k initial cash invested.
-21.85%
Cash On Cash
0.92%
Cap Rate
0.15
DSCR
$1,640
Rent
-$1,953
Cashflow
Cash Flow
$1,640 income − $3,593 expenses = $1,953 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,640
Total Expenses
$3,593
Mortgage P&I
135%
$2,213
Property Taxes
27%
$443
Home Insurance
9%
$149
HOA
0%
$0
Property Management
15%
$246
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$410