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This property looks like a bad Airbnb investment with a projected -6.24% first-year return on $66,300 initial cash invested.
-6.24%
Cash On Cash
4.88%
Cap Rate
0.79
DSCR
$2,399
Rent
-$345
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,399 income − $2,744 expenses = $345 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,399
Total Expenses
$2,744
Mortgage P&I
49%
$1,185
Property Taxes
14%
$327
Home Insurance
3%
$80
HOA
0%
$0
Property Management
15%
$360
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$600