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This property looks like a bad Airbnb investment with a projected -10.87% first-year return on $121k initial cash invested.
-10.87%
Cash On Cash
3.51%
Cap Rate
0.61
DSCR
$3,978
Rent
-$1,096
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,978 income − $5,074 expenses = $1,096 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,100
Closing costs
1%
$4,905
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,978
Total Expenses
$5,074
Mortgage P&I
60%
$2,373
Property Taxes
16%
$617
Home Insurance
4%
$175
HOA
0%
$0
Property Management
15%
$597
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$994