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This property looks like a bad Airbnb investment with a projected -11.4% first-year return on $120k initial cash invested.
-11.4%
Cash On Cash
3.54%
Cap Rate
0.58
DSCR
$2,991
Rent
-$1,138
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,991 income − $4,129 expenses = $1,138 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$96,980
Closing costs
1%
$4,849
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,991
Total Expenses
$4,129
Mortgage P&I
82%
$2,449
Property Taxes
2%
$73
Home Insurance
6%
$170
HOA
0%
$0
Property Management
15%
$449
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$748