This property looks like a bad Airbnb investment with a projected -16.56% first-year return on $107k initial cash invested.
-16.56%
Cash On Cash
2.24%
Cap Rate
0.36
DSCR
$2,302
Rent
-$1,480
Cashflow
Cash Flow
$2,302 income − $3,782 expenses = $1,480 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%
$85,000
Closing costs
1%
$4,250
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,302
Total Expenses
$3,782
Mortgage P&I
95%
$2,182
Property Taxes
15%
$346
Home Insurance
6%
$149
HOA
0%
$0
Property Management
15%
$345
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$576