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This property looks like a bad Airbnb investment with a projected -3.67% first-year return on $69,324 initial cash invested.
-3.67%
Cash On Cash
6.18%
Cap Rate
0.93
DSCR
$2,800
Rent
-$212
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,800 income − $3,012 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,324
Downpayment
20%
$48,880
Closing costs
1%
$2,444
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,800
Total Expenses
$3,012
Mortgage P&I
49%
$1,359
Property Taxes
8%
$222
Home Insurance
3%
$87
HOA
0%
$0
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$700