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This property looks like a bad Airbnb investment with a projected -24.38% first-year return on $117k initial cash invested.
-24.38%
Cash On Cash
0.48%
Cap Rate
0.08
DSCR
$3,329
Rent
-$2,369
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,329 income − $5,698 expenses = $2,369 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,900
Closing costs
1%
$4,695
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,329
Total Expenses
$5,698
Mortgage P&I
73%
$2,425
Property Taxes
21%
$690
Home Insurance
5%
$168
HOA
25%
$818
Property Management
15%
$499
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$832