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This property looks like a bad Airbnb investment with a projected -1.6% first-year return on $142k initial cash invested.
-1.6%
Cash On Cash
6.15%
Cap Rate
1.03
DSCR
$6,807
Rent
-$189
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,807 income − $6,996 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,883
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,807
Total Expenses
$6,996
Mortgage P&I
43%
$2,932
Property Taxes
8%
$573
Home Insurance
3%
$224
HOA
0%
$0
Property Management
15%
$1,021
CapEx
4%
$272
Vacancy
0%
$0
Maintenance
4%
$272
Other
25%
$1,702