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This property looks like a bad Airbnb investment with a projected -10.38% first-year return on $198k initial cash invested.
-10.38%
Cash On Cash
3.93%
Cap Rate
0.66
DSCR
$6,590
Rent
-$1,710
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,590 income − $8,300 expenses = $1,710 out of pocket
Investment Breakdown
|
Purchase Price
$856k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,556
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,590
Total Expenses
$8,300
Mortgage P&I
64%
$4,247
Property Taxes
9%
$583
Home Insurance
5%
$306
HOA
0%
$0
Property Management
15%
$988
CapEx
4%
$264
Vacancy
0%
$0
Maintenance
4%
$264
Other
25%
$1,648