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This property looks like a bad Airbnb investment with a projected -23.26% first-year return on $500k initial cash invested.
-23.26%
Cash On Cash
1.16%
Cap Rate
0.19
DSCR
$6,421
Rent
-$9,692
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,421 income − $16,113 expenses = $9,692 out of pocket
Investment Breakdown
|
Purchase Price
$2295k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$500k
Downpayment
20%
$459k
Closing costs
1%
$22,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,421
Total Expenses
$16,113
Mortgage P&I
181%
$11,649
Property Taxes
9%
$579
Home Insurance
13%
$803
HOA
0%
$0
Property Management
15%
$963
CapEx
4%
$257
Vacancy
0%
$0
Maintenance
4%
$257
Other
25%
$1,605