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This property looks like a bad Airbnb investment with a projected -24.4% first-year return on $429k initial cash invested.
-24.4%
Cash On Cash
1%
Cap Rate
0.16
DSCR
$7,541
Rent
-$8,730
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,541 income − $16,271 expenses = $8,730 out of pocket
Investment Breakdown
|
Purchase Price
$1959k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$429k
Downpayment
20%
$392k
Closing costs
1%
$19,587
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,541
Total Expenses
$16,271
Mortgage P&I
133%
$10,061
Property Taxes
25%
$1,890
Home Insurance
9%
$700
HOA
0%
$0
Property Management
15%
$1,131
CapEx
4%
$302
Vacancy
0%
$0
Maintenance
4%
$302
Other
25%
$1,885