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This property looks like a bad Airbnb investment with a projected -29.13% first-year return on $642k initial cash invested.
-29.13%
Cash On Cash
0.11%
Cap Rate
0.02
DSCR
$5,046
Rent
-$15,576
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,046 income − $20,622 expenses = $15,576 out of pocket
Investment Breakdown
|
Purchase Price
$2970k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$642k
Downpayment
20%
$594k
Closing costs
1%
$29,695
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,046
Total Expenses
$20,622
Mortgage P&I
310%
$15,647
Property Taxes
15%
$732
Home Insurance
36%
$1,820
HOA
0%
$0
Property Management
15%
$757
CapEx
4%
$202
Vacancy
0%
$0
Maintenance
4%
$202
Other
25%
$1,262