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This property looks like a bad Airbnb investment with a projected -3.23% first-year return on $121k initial cash invested.
-3.23%
Cash On Cash
5.5%
Cap Rate
0.94
DSCR
$4,774
Rent
-$325
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,774 income − $5,099 expenses = $325 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,774
Total Expenses
$5,099
Mortgage P&I
50%
$2,376
Property Taxes
5%
$260
Home Insurance
4%
$171
HOA
0%
$0
Property Management
15%
$716
CapEx
4%
$191
Vacancy
0%
$0
Maintenance
4%
$191
Other
25%
$1,194