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This property looks like a bad Airbnb investment with a projected -26.8% first-year return on $107k initial cash invested.
-26.8%
Cash On Cash
-0.78%
Cap Rate
-0.13
DSCR
$581
Rent
-$2,392
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$581 income − $2,973 expenses = $2,392 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,860
Closing costs
1%
$4,243
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$581
Total Expenses
$2,973
Mortgage P&I
360%
$2,092
Property Taxes
81%
$472
Home Insurance
23%
$131
HOA
0%
$0
Property Management
15%
$87
CapEx
4%
$23
Vacancy
0%
$0
Maintenance
4%
$23
Other
25%
$145