This property looks like a bad Airbnb investment with a projected -12.65% first-year return on $107k initial cash invested.
-12.65%
Cash On Cash
3.9%
Cap Rate
0.58
DSCR
$2,996
Rent
-$1,130
Cashflow
Cash Flow
$2,996 income − $4,126 expenses = $1,130 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,980
Closing costs
1%
$4,249
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,996
Total Expenses
$4,126
Mortgage P&I
80%
$2,391
Property Taxes
5%
$148
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$449
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$749