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This property looks like a bad Airbnb investment with a projected -12.37% first-year return on $120k initial cash invested.
-12.37%
Cash On Cash
3.44%
Cap Rate
0.56
DSCR
$3,388
Rent
-$1,240
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,388 income − $4,628 expenses = $1,240 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,400
Closing costs
1%
$4,870
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,388
Total Expenses
$4,628
Mortgage P&I
74%
$2,500
Property Taxes
5%
$172
Home Insurance
5%
$175
HOA
5%
$154
Property Management
15%
$508
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$847