This property looks like a bad Airbnb investment with a projected -8.24% first-year return on $107k initial cash invested.
-8.24%
Cash On Cash
4.52%
Cap Rate
0.73
DSCR
$3,405
Rent
-$736
Cashflow
Cash Flow
$3,405 income − $4,141 expenses = $736 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%
$84,920
Closing costs
1%
$4,246
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,405
Total Expenses
$4,141
Mortgage P&I
65%
$2,198
Property Taxes
5%
$155
Home Insurance
5%
$154
HOA
0%
$0
Property Management
15%
$511
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$851