This property looks like a bad Airbnb investment with a projected -16.68% first-year return on $107k initial cash invested.
-16.68%
Cash On Cash
2.32%
Cap Rate
0.38
DSCR
$3,136
Rent
-$1,491
Cashflow
Cash Flow
$3,136 income − $4,627 expenses = $1,491 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,136
Total Expenses
$4,627
Mortgage P&I
70%
$2,189
Property Taxes
25%
$785
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$470
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$784