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This property looks like a bad Airbnb investment with a projected -16.54% first-year return on $121k initial cash invested.
-16.54%
Cash On Cash
2.31%
Cap Rate
0.38
DSCR
$2,669
Rent
-$1,661
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,669 income − $4,330 expenses = $1,661 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,660
Closing costs
1%
$4,883
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,669
Total Expenses
$4,330
Mortgage P&I
93%
$2,492
Property Taxes
14%
$382
Home Insurance
7%
$175
HOA
0%
$0
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$667