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This property looks like a bad Airbnb investment with a projected -24.17% first-year return on $198k initial cash invested.
-24.17%
Cash On Cash
0.57%
Cap Rate
0.1
DSCR
$2,996
Rent
-$3,979
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,996 income − $6,975 expenses = $3,979 out of pocket
Investment Breakdown
|
Purchase Price
$855k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,550
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,996
Total Expenses
$6,975
Mortgage P&I
142%
$4,267
Property Taxes
28%
$852
Home Insurance
10%
$303
HOA
4%
$115
Property Management
15%
$449
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$749