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This property looks like a bad Airbnb investment with a projected -25.38% first-year return on $121k initial cash invested.
-25.38%
Cash On Cash
-0.24%
Cap Rate
-0.04
DSCR
$432
Rent
-$2,553
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$432 income − $2,985 expenses = $2,553 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
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
$432
Total Expenses
$2,985
Mortgage P&I
564%
$2,437
Property Taxes
39%
$170
Home Insurance
40%
$171
HOA
0%
$0
Property Management
15%
$65
CapEx
4%
$17
Vacancy
0%
$0
Maintenance
4%
$17
Other
25%
$108