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This property looks like a bad Airbnb investment with a projected -14.51% first-year return on $121k initial cash invested.
-14.51%
Cash On Cash
2.93%
Cap Rate
0.47
DSCR
$3,257
Rent
-$1,462
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,257 income − $4,719 expenses = $1,462 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,257
Total Expenses
$4,719
Mortgage P&I
78%
$2,529
Property Taxes
14%
$452
Home Insurance
5%
$175
HOA
0%
$0
Property Management
15%
$489
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$814