This property looks like a bad Airbnb investment with a projected -14.8% first-year return on $107k initial cash invested.
-14.8%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$2,900
Rent
-$1,323
Cashflow
Cash Flow
$2,900 income − $4,223 expenses = $1,323 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,900
Total Expenses
$4,223
Mortgage P&I
81%
$2,348
Property Taxes
12%
$334
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$435
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$725