This property looks like a bad Airbnb investment with a projected -18.89% first-year return on $107k initial cash invested.
-18.89%
Cash On Cash
1.77%
Cap Rate
0.28
DSCR
$2,278
Rent
-$1,688
Cashflow
Cash Flow
$2,278 income − $3,966 expenses = $1,688 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,278
Total Expenses
$3,966
Mortgage P&I
98%
$2,224
Property Taxes
22%
$499
Home Insurance
7%
$149
HOA
0%
$0
Property Management
15%
$342
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$570