This property looks like a bad Airbnb investment with a projected -10.72% first-year return on $107k initial cash invested.
-10.72%
Cash On Cash
3.78%
Cap Rate
0.61
DSCR
$2,818
Rent
-$958
Cashflow
Cash Flow
$2,818 income − $3,776 expenses = $958 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
$2,818
Total Expenses
$3,776
Mortgage P&I
77%
$2,182
Property Taxes
3%
$92
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$423
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$704