This property looks like a bad Airbnb investment with a projected -22.04% first-year return on $107k initial cash invested.
-22.04%
Cash On Cash
0.6%
Cap Rate
0.1
DSCR
$724
Rent
-$1,970
Cashflow
Cash Flow
$724 income − $2,694 expenses = $1,970 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.5%
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
$724
Total Expenses
$2,694
Mortgage P&I
297%
$2,153
Property Taxes
6%
$44
Home Insurance
21%
$149
HOA
0%
$0
Property Management
15%
$109
CapEx
4%
$29
Vacancy
0%
$0
Maintenance
4%
$29
Other
25%
$181