This property looks like a bad Airbnb investment with a projected -21.05% first-year return on $107k initial cash invested.
-21.05%
Cash On Cash
1.14%
Cap Rate
0.18
DSCR
$1,242
Rent
-$1,881
Cashflow
Cash Flow
$1,242 income − $3,123 expenses = $1,881 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,242
Total Expenses
$3,123
Mortgage P&I
180%
$2,233
Property Taxes
11%
$136
Home Insurance
13%
$158
HOA
0%
$0
Property Management
15%
$186
CapEx
4%
$50
Vacancy
0%
$0
Maintenance
4%
$50
Other
25%
$310