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This property looks like a bad Airbnb investment with a projected -24.43% first-year return on $638k initial cash invested.
-24.43%
Cash On Cash
0.98%
Cap Rate
0.16
DSCR
$6,774
Rent
-$12,981
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,774 income − $19,755 expenses = $12,981 out of pocket
Investment Breakdown
|
Purchase Price
$2950k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$638k
Downpayment
20%
$590k
Closing costs
1%
$29,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,774
Total Expenses
$19,755
Mortgage P&I
223%
$15,111
Property Taxes
5%
$360
Home Insurance
15%
$1,032
HOA
0%
$0
Property Management
15%
$1,016
CapEx
4%
$271
Vacancy
0%
$0
Maintenance
4%
$271
Other
25%
$1,694