This property looks like a bad Airbnb investment with a projected -15.45% first-year return on $107k initial cash invested.
-15.45%
Cash On Cash
3.18%
Cap Rate
0.48
DSCR
$3,891
Rent
-$1,381
Cashflow
Cash Flow
$3,891 income − $5,272 expenses = $1,381 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
$3,891
Total Expenses
$5,272
Mortgage P&I
60%
$2,352
Property Taxes
23%
$902
Home Insurance
4%
$149
HOA
0%
$0
Property Management
15%
$584
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$973