This property looks like a bad Airbnb investment with a projected -25.13% first-year return on $107k initial cash invested.
-25.13%
Cash On Cash
-0.16%
Cap Rate
-0.03
DSCR
$867
Rent
-$2,246
Cashflow
Cash Flow
$867 income − $3,113 expenses = $2,246 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.5%
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
$867
Total Expenses
$3,113
Mortgage P&I
249%
$2,155
Property Taxes
45%
$392
Home Insurance
17%
$149
HOA
0%
$0
Property Management
15%
$130
CapEx
4%
$35
Vacancy
0%
$0
Maintenance
4%
$35
Other
25%
$217