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This property looks like a bad Airbnb investment with a projected -15.24% first-year return on $107k initial cash invested.
-15.24%
Cash On Cash
2.49%
Cap Rate
0.41
DSCR
$2,403
Rent
-$1,360
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,403 income − $3,763 expenses = $1,360 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,860
Closing costs
1%
$4,243
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,403
Total Expenses
$3,763
Mortgage P&I
89%
$2,144
Property Taxes
13%
$317
Home Insurance
6%
$149
HOA
0%
$0
Property Management
15%
$360
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$601