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This property looks like a bad Airbnb investment with a projected -16.12% first-year return on $108k initial cash invested.
-16.12%
Cash On Cash
2.2%
Cap Rate
0.37
DSCR
$2,409
Rent
-$1,453
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,409 income − $3,862 expenses = $1,453 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,880
Closing costs
1%
$4,294
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,409
Total Expenses
$3,862
Mortgage P&I
89%
$2,143
Property Taxes
16%
$391
Home Insurance
7%
$173
HOA
0%
$0
Property Management
15%
$361
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$602