This property looks like a bad Airbnb investment with a projected -15.08% first-year return on $101k initial cash invested.
-15.08%
Cash On Cash
2.66%
Cap Rate
0.43
DSCR
$2,386
Rent
-$1,269
Cashflow
Cash Flow
$2,386 income − $3,655 expenses = $1,269 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,386
Total Expenses
$3,655
Mortgage P&I
86%
$2,050
Property Taxes
14%
$323
Home Insurance
6%
$138
HOA
0%
$0
Property Management
15%
$358
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$596
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Comparable Property | Rent | ADR | Beds | Baths | Distance |
|---|---|---|---|---|---|
5 mins Downtown/Stadium - New | $1,922 | $316 | 3 | 2 | 0.45 mi |
Close to everything - 2 miles from campus! | $7,233 | $1,189 | 3 | 2 | 0.46 mi |
Spacious Stay Near Penn State | $5,870 | $965 | 3 | 2.5 | 0.08 mi |
Projection Charts
Investment Value YoY