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This property looks like a bad Airbnb investment with a projected -24.68% first-year return on $108k initial cash invested.
-24.68%
Cash On Cash
-0.22%
Cap Rate
-0.04
DSCR
$931
Rent
-$2,224
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$931 income − $3,155 expenses = $2,224 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,840
Closing costs
1%
$4,292
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$931
Total Expenses
$3,155
Mortgage P&I
226%
$2,107
Property Taxes
48%
$448
Home Insurance
16%
$153
HOA
0%
$0
Property Management
15%
$140
CapEx
4%
$37
Vacancy
0%
$0
Maintenance
4%
$37
Other
25%
$233