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This property looks like a bad Airbnb investment with a projected -29.95% first-year return on $1488k initial cash invested.
-29.95%
Cash On Cash
-0.39%
Cap Rate
-0.06
DSCR
$1,012
Rent
-$37,142
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,012 income − $38,154 expenses = $37,142 out of pocket
Investment Breakdown
|
Purchase Price
$7000k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$1488k
Downpayment
20%
$1400k
Closing costs
1%
$70,000
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$1,012
Total Expenses
$38,154
Mortgage P&I
3443%
$34,845
Property Taxes
37%
$374
Home Insurance
242%
$2,450
HOA
0%
$0
Property Management
15%
$152
CapEx
4%
$40
Vacancy
0%
$0
Maintenance
4%
$40
Other
25%
$253