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This property looks like a bad Airbnb investment with a projected -17.77% first-year return on $122k initial cash invested.
-17.77%
Cash On Cash
2%
Cap Rate
0.33
DSCR
$3,053
Rent
-$1,800
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,053 income − $4,853 expenses = $1,800 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,600
Closing costs
1%
$4,930
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,053
Total Expenses
$4,853
Mortgage P&I
82%
$2,501
Property Taxes
10%
$297
Home Insurance
6%
$175
HOA
14%
$415
Property Management
15%
$458
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$763