This property looks like a bad Airbnb investment with a projected -20.81% first-year return on $107k initial cash invested.
-20.81%
Cash On Cash
1.7%
Cap Rate
0.25
DSCR
$2,324
Rent
-$1,860
Cashflow
Cash Flow
$2,324 income − $4,184 expenses = $1,860 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,324
Total Expenses
$4,184
Mortgage P&I
102%
$2,369
Property Taxes
24%
$550
Home Insurance
6%
$149
HOA
0%
$0
Property Management
15%
$349
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$581