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This property looks like a bad Airbnb investment with a projected -21.64% first-year return on $585k initial cash invested.
-21.64%
Cash On Cash
1.42%
Cap Rate
0.24
DSCR
$9,835
Rent
-$10,550
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,835 income − $20,385 expenses = $10,550 out of pocket
Investment Breakdown
|
Purchase Price
$2700k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$585k
Downpayment
20%
$540k
Closing costs
1%
$27,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,835
Total Expenses
$20,385
Mortgage P&I
136%
$13,347
Property Taxes
14%
$1,373
Home Insurance
10%
$945
HOA
0%
$0
Property Management
15%
$1,475
CapEx
4%
$393
Vacancy
0%
$0
Maintenance
4%
$393
Other
25%
$2,459