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This property looks like a bad Airbnb investment with a projected -21.91% first-year return on $510k initial cash invested.
-21.91%
Cash On Cash
1.39%
Cap Rate
0.23
DSCR
$10,922
Rent
-$9,308
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$10,922 income − $20,230 expenses = $9,308 out of pocket
Investment Breakdown
|
Purchase Price
$2342k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$510k
Downpayment
20%
$468k
Closing costs
1%
$23,420
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,922
Total Expenses
$20,230
Mortgage P&I
106%
$11,584
Property Taxes
21%
$2,286
Home Insurance
10%
$1,118
HOA
0%
$0
Property Management
15%
$1,638
CapEx
4%
$437
Vacancy
0%
$0
Maintenance
4%
$437
Other
25%
$2,730