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This property looks like a bad Airbnb investment with a projected -6.88% first-year return on $68,379 initial cash invested.
-6.88%
Cash On Cash
5.1%
Cap Rate
0.78
DSCR
$2,656
Rent
-$392
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,656 income − $3,048 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,379
Downpayment
20%
$47,980
Closing costs
1%
$2,399
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,656
Total Expenses
$3,048
Mortgage P&I
49%
$1,305
Property Taxes
14%
$385
Home Insurance
3%
$84
HOA
0%
$0
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$664