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This property looks like a bad Airbnb investment with a projected -15.66% first-year return on $120k initial cash invested.
-15.66%
Cash On Cash
2.6%
Cap Rate
0.43
DSCR
$3,945
Rent
-$1,571
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,945 income − $5,516 expenses = $1,571 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,500
Closing costs
1%
$4,875
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,945
Total Expenses
$5,516
Mortgage P&I
63%
$2,469
Property Taxes
24%
$933
Home Insurance
6%
$220
HOA
0%
$0
Property Management
15%
$592
CapEx
4%
$158
Vacancy
0%
$0
Maintenance
4%
$158
Other
25%
$986