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This property looks like a bad Airbnb investment with a projected -13.05% first-year return on $121k initial cash invested.
-13.05%
Cash On Cash
3.07%
Cap Rate
0.51
DSCR
$2,890
Rent
-$1,313
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,890 income − $4,203 expenses = $1,313 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,880
Closing costs
1%
$4,894
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,890
Total Expenses
$4,203
Mortgage P&I
85%
$2,451
Property Taxes
9%
$259
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$434
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$722