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This property looks like a bad Airbnb investment with a projected -11.5% first-year return on $121k initial cash invested.
-11.5%
Cash On Cash
3.5%
Cap Rate
0.58
DSCR
$3,541
Rent
-$1,157
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,541 income − $4,698 expenses = $1,157 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,541
Total Expenses
$4,698
Mortgage P&I
69%
$2,443
Property Taxes
11%
$384
Home Insurance
5%
$171
HOA
0%
$0
Property Management
15%
$531
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$885