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This property looks like a bad Airbnb investment with a projected -10.93% first-year return on $120k initial cash invested.
-10.93%
Cash On Cash
3.65%
Cap Rate
0.61
DSCR
$3,454
Rent
-$1,097
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,454 income − $4,551 expenses = $1,097 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,520
Closing costs
1%
$4,876
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,454
Total Expenses
$4,551
Mortgage P&I
71%
$2,441
Property Taxes
8%
$277
Home Insurance
5%
$175
HOA
0%
$0
Property Management
15%
$518
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$864