This property looks like a bad Airbnb investment with a projected -12.44% first-year return on $107k initial cash invested.
-12.44%
Cash On Cash
3.33%
Cap Rate
0.54
DSCR
$2,656
Rent
-$1,112
Cashflow
Cash Flow
$2,656 income − $3,768 expenses = $1,112 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
$2,656
Total Expenses
$3,768
Mortgage P&I
82%
$2,187
Property Taxes
6%
$157
Home Insurance
6%
$150
HOA
0%
$0
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$664