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This property looks like a bad Airbnb investment with a projected -21.67% first-year return on $226k initial cash invested.
-21.67%
Cash On Cash
1.49%
Cap Rate
0.24
DSCR
$4,488
Rent
-$4,073
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,488 income − $8,561 expenses = $4,073 out of pocket
Investment Breakdown
|
Purchase Price
$989k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,885
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,488
Total Expenses
$8,561
Mortgage P&I
114%
$5,124
Property Taxes
21%
$932
Home Insurance
8%
$350
HOA
0%
$0
Property Management
15%
$673
CapEx
4%
$180
Vacancy
0%
$0
Maintenance
4%
$180
Other
25%
$1,122