This property looks like a bad Airbnb investment with a projected -22.78% first-year return on $107k initial cash invested.
-22.78%
Cash On Cash
0.51%
Cap Rate
0.08
DSCR
$1,323
Rent
-$2,035
Cashflow
Cash Flow
$1,323 income − $3,358 expenses = $2,035 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%
$84,960
Closing costs
1%
$4,248
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,323
Total Expenses
$3,358
Mortgage P&I
163%
$2,162
Property Taxes
31%
$409
Home Insurance
11%
$152
HOA
0%
$0
Property Management
15%
$198
CapEx
4%
$53
Vacancy
0%
$0
Maintenance
4%
$53
Other
25%
$331