This property looks like a bad Airbnb investment with a projected -23.26% first-year return on $107k initial cash invested.
-23.26%
Cash On Cash
0.31%
Cap Rate
0.05
DSCR
$881
Rent
-$2,079
Cashflow
Cash Flow
$881 income − $2,960 expenses = $2,079 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.5%
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
$881
Total Expenses
$2,960
Mortgage P&I
244%
$2,153
Property Taxes
27%
$236
Home Insurance
17%
$149
HOA
0%
$0
Property Management
15%
$132
CapEx
4%
$35
Vacancy
0%
$0
Maintenance
4%
$35
Other
25%
$220