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This property looks like a bad Airbnb investment with a projected -10.8% first-year return on $223k initial cash invested.
-10.8%
Cash On Cash
3.63%
Cap Rate
0.63
DSCR
$6,080
Rent
-$2,005
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,080 income − $8,085 expenses = $2,005 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$195k
Closing costs
1%
$9,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,080
Total Expenses
$8,085
Mortgage P&I
78%
$4,714
Property Taxes
2%
$112
Home Insurance
6%
$341
HOA
0%
$0
Property Management
15%
$912
CapEx
4%
$243
Vacancy
0%
$0
Maintenance
4%
$243
Other
25%
$1,520