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This property looks like a bad Airbnb investment with a projected -19.39% first-year return on $224k initial cash invested.
-19.39%
Cash On Cash
1.64%
Cap Rate
0.28
DSCR
$3,462
Rent
-$3,617
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,462 income − $7,079 expenses = $3,617 out of pocket
Investment Breakdown
|
Purchase Price
$980k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,800
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,462
Total Expenses
$7,079
Mortgage P&I
139%
$4,819
Property Taxes
7%
$256
Home Insurance
10%
$343
HOA
0%
$0
Property Management
15%
$519
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$866