This property looks like a bad Airbnb investment with a projected -16.46% first-year return on $107k initial cash invested.
-16.46%
Cash On Cash
2.26%
Cap Rate
0.37
DSCR
$2,066
Rent
-$1,471
Cashflow
Cash Flow
$2,066 income − $3,537 expenses = $1,471 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
$2,066
Total Expenses
$3,537
Mortgage P&I
106%
$2,187
Property Taxes
10%
$209
Home Insurance
7%
$149
HOA
0%
$0
Property Management
15%
$310
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$516