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This property looks like a bad Airbnb investment with a projected -24.61% first-year return on $68,400 initial cash invested.
-24.61%
Cash On Cash
-0.53%
Cap Rate
-0.08
DSCR
$1,178
Rent
-$1,403
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,178 income − $2,581 expenses = $1,403 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,178
Total Expenses
$2,581
Mortgage P&I
106%
$1,250
Property Taxes
52%
$617
Home Insurance
7%
$84
HOA
6%
$65
Property Management
15%
$177
CapEx
4%
$47
Vacancy
0%
$0
Maintenance
4%
$47
Other
25%
$294