This property looks like a bad Airbnb investment with a projected -25.85% first-year return on $124k initial cash invested.
-25.85%
Cash On Cash
0.94%
Cap Rate
0.15
DSCR
$2,922
Rent
-$2,681
Cashflow
Cash Flow
$2,922 income − $5,603 expenses = $2,681 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$119k
Closing costs
1%
$5,926
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$2,922
Total Expenses
$5,603
Mortgage P&I
104%
$3,027
Property Taxes
33%
$967
Home Insurance
7%
$207
HOA
0%
$0
Property Management
15%
$438
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$730
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Comparable Property | Rent | ADR | Beds | Baths | Distance |
|---|---|---|---|---|---|
Modern & Cozy Retreat | $1,687 | $129 | 2 | 2 | 0.26 mi |
2BD2 Bath stay 13 mins NWK Airport and Met Stadium | $1,923 | $147 | 2 | 2 | 0.33 mi |
Spacious 2 Bedroom 2 King Beds & Free Parking | $3,008 | $230 | 2 | 2 | 0.52 mi |
Projection Charts
Investment Value YoY