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This property looks like a bad Airbnb investment with a projected -16.49% first-year return on $123k initial cash invested.
-16.49%
Cash On Cash
2.24%
Cap Rate
0.37
DSCR
$2,803
Rent
-$1,687
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,803 income − $4,490 expenses = $1,687 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,803
Total Expenses
$4,490
Mortgage P&I
89%
$2,507
Property Taxes
17%
$463
Home Insurance
6%
$175
HOA
0%
$0
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$701