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This property looks like a bad Airbnb investment with a projected -17.67% first-year return on $121k initial cash invested.
-17.67%
Cash On Cash
1.93%
Cap Rate
0.32
DSCR
$2,105
Rent
-$1,777
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,105 income − $3,882 expenses = $1,777 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,105
Total Expenses
$3,882
Mortgage P&I
118%
$2,481
Property Taxes
10%
$220
Home Insurance
8%
$171
HOA
0%
$0
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$526