This property looks like a bad Airbnb investment with a projected -16.38% first-year return on $107k initial cash invested.
-16.38%
Cash On Cash
2.9%
Cap Rate
0.43
DSCR
$2,815
Rent
-$1,464
Cashflow
Cash Flow
$2,815 income − $4,279 expenses = $1,464 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,815
Total Expenses
$4,279
Mortgage P&I
84%
$2,377
Property Taxes
14%
$401
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$422
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$704