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This property looks like a bad Airbnb investment with a projected -13.05% first-year return on $120k initial cash invested.
-13.05%
Cash On Cash
2.97%
Cap Rate
0.5
DSCR
$2,995
Rent
-$1,309
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,995 income − $4,304 expenses = $1,309 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,480
Closing costs
1%
$4,874
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,995
Total Expenses
$4,304
Mortgage P&I
80%
$2,394
Property Taxes
8%
$233
Home Insurance
6%
$175
HOA
2%
$64
Property Management
15%
$449
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$749