This property looks like a bad Airbnb investment with a projected -12.59% first-year return on $107k initial cash invested.
-12.59%
Cash On Cash
3.28%
Cap Rate
0.54
DSCR
$2,969
Rent
-$1,124
Cashflow
Cash Flow
$2,969 income − $4,093 expenses = $1,124 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,900
Closing costs
1%
$4,245
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,969
Total Expenses
$4,093
Mortgage P&I
73%
$2,167
Property Taxes
12%
$348
Home Insurance
5%
$146
HOA
0%
$7
Property Management
15%
$445
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$742