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This property looks like a bad Airbnb investment with a projected -10.85% first-year return on $121k initial cash invested.
-10.85%
Cash On Cash
3.56%
Cap Rate
0.6
DSCR
$3,262
Rent
-$1,093
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,262 income − $4,355 expenses = $1,093 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,262
Total Expenses
$4,355
Mortgage P&I
74%
$2,416
Property Taxes
6%
$202
Home Insurance
5%
$172
HOA
0%
$0
Property Management
15%
$489
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$816