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This property looks like a bad Airbnb investment with a projected -18.24% first-year return on $121k initial cash invested.
-18.24%
Cash On Cash
1.68%
Cap Rate
0.28
DSCR
$2,745
Rent
-$1,833
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,745 income − $4,578 expenses = $1,833 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,720
Closing costs
1%
$4,886
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,745
Total Expenses
$4,578
Mortgage P&I
88%
$2,409
Property Taxes
16%
$447
Home Insurance
6%
$175
HOA
8%
$229
Property Management
15%
$412
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$686