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This property looks like a bad Airbnb investment with a projected -30.47% first-year return on $627k initial cash invested.
-30.47%
Cash On Cash
-0.25%
Cap Rate
-0.04
DSCR
$1,615
Rent
-$15,919
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,615 income − $17,534 expenses = $15,919 out of pocket
Investment Breakdown
|
Purchase Price
$2900k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$627k
Downpayment
20%
$580k
Closing costs
1%
$29,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,615
Total Expenses
$17,534
Mortgage P&I
944%
$15,250
Property Taxes
31%
$493
Home Insurance
63%
$1,015
HOA
0%
$0
Property Management
15%
$242
CapEx
4%
$65
Vacancy
0%
$0
Maintenance
4%
$65
Other
25%
$404