This property looks like a bad Airbnb investment with a projected -16.88% first-year return on $107k initial cash invested.
-16.88%
Cash On Cash
2.15%
Cap Rate
0.35
DSCR
$1,869
Rent
-$1,509
Cashflow
Cash Flow
$1,869 income − $3,378 expenses = $1,509 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
$1,869
Total Expenses
$3,378
Mortgage P&I
117%
$2,194
Property Taxes
7%
$138
Home Insurance
8%
$149
HOA
0%
$0
Property Management
15%
$280
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$467