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This property looks like a bad Airbnb investment with a projected -26.65% first-year return on $660k initial cash invested.
-26.65%
Cash On Cash
0.5%
Cap Rate
0.08
DSCR
$6,038
Rent
-$14,663
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,038 income − $20,701 expenses = $14,663 out of pocket
Investment Breakdown
|
Purchase Price
$3058k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$660k
Downpayment
20%
$612k
Closing costs
1%
$30,583
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,038
Total Expenses
$20,701
Mortgage P&I
260%
$15,703
Property Taxes
16%
$978
Home Insurance
19%
$1,120
HOA
0%
$0
Property Management
15%
$906
CapEx
4%
$242
Vacancy
0%
$0
Maintenance
4%
$242
Other
25%
$1,510