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This property looks like a bad Airbnb investment with a projected -19.22% first-year return on $223k initial cash invested.
-19.22%
Cash On Cash
1.94%
Cap Rate
0.32
DSCR
$5,977
Rent
-$3,577
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,977 income − $9,554 expenses = $3,577 out of pocket
Investment Breakdown
|
Purchase Price
$978k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$196k
Closing costs
1%
$9,780
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,977
Total Expenses
$9,554
Mortgage P&I
82%
$4,917
Property Taxes
23%
$1,400
Home Insurance
6%
$368
HOA
0%
$0
Property Management
15%
$897
CapEx
4%
$239
Vacancy
0%
$0
Maintenance
4%
$239
Other
25%
$1,494