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This property looks like a bad Airbnb investment with a projected -24.78% first-year return on $500k initial cash invested.
-24.78%
Cash On Cash
0.76%
Cap Rate
0.13
DSCR
$8,833
Rent
-$10,324
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,833 income − $19,157 expenses = $10,324 out of pocket
Investment Breakdown
|
Purchase Price
$2295k
Downpayment
20.0%
Interest Rate
6.3%
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
$8,833
Total Expenses
$19,157
Mortgage P&I
129%
$11,427
Property Taxes
24%
$2,142
Home Insurance
9%
$803
HOA
6%
$546
Property Management
15%
$1,325
CapEx
4%
$353
Vacancy
0%
$0
Maintenance
4%
$353
Other
25%
$2,208