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This property looks like a bad Airbnb investment with a projected -16.28% first-year return on $121k initial cash invested.
-16.28%
Cash On Cash
2.31%
Cap Rate
0.38
DSCR
$2,392
Rent
-$1,636
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,392 income − $4,028 expenses = $1,636 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,700
Closing costs
1%
$4,885
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,392
Total Expenses
$4,028
Mortgage P&I
104%
$2,481
Property Taxes
9%
$226
Home Insurance
7%
$172
HOA
0%
$0
Property Management
15%
$359
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$598