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This property looks like a bad Airbnb investment with a projected -11.26% first-year return on $119k initial cash invested.
-11.26%
Cash On Cash
3.61%
Cap Rate
0.6
DSCR
$3,720
Rent
-$1,115
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,720 income − $4,835 expenses = $1,115 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,720
Total Expenses
$4,835
Mortgage P&I
65%
$2,410
Property Taxes
13%
$471
Home Insurance
5%
$168
HOA
0%
$0
Property Management
15%
$558
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$930