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This property looks like a bad Airbnb investment with a projected -12.38% first-year return on $108k initial cash invested.
-12.38%
Cash On Cash
3.11%
Cap Rate
0.52
DSCR
$2,424
Rent
-$1,114
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,424 income − $3,538 expenses = $1,114 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,700
Closing costs
1%
$4,285
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,424
Total Expenses
$3,538
Mortgage P&I
88%
$2,127
Property Taxes
4%
$93
Home Insurance
6%
$154
HOA
0%
$0
Property Management
15%
$364
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$606