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This property looks like a bad Airbnb investment with a projected -2.92% first-year return on $63,696 initial cash invested.
-2.92%
Cash On Cash
6.51%
Cap Rate
0.97
DSCR
$3,061
Rent
-$155
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,061 income − $3,216 expenses = $155 out of pocket
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,696
Downpayment
20%
$43,520
Closing costs
1%
$2,176
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,061
Total Expenses
$3,216
Mortgage P&I
40%
$1,214
Property Taxes
15%
$454
Home Insurance
3%
$80
HOA
0%
$0
Property Management
15%
$459
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$765