This property looks like a bad Airbnb investment with a projected -13.39% first-year return on $107k initial cash invested.
-13.39%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$3,192
Rent
-$1,197
Cashflow
Cash Flow
$3,192 income − $4,389 expenses = $1,197 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,192
Total Expenses
$4,389
Mortgage P&I
72%
$2,296
Property Taxes
13%
$411
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$479
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$798