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This property looks like a bad Airbnb investment with a projected -16.14% first-year return on $108k initial cash invested.
-16.14%
Cash On Cash
2.24%
Cap Rate
0.37
DSCR
$2,693
Rent
-$1,454
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,693 income − $4,147 expenses = $1,454 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,800
Closing costs
1%
$4,290
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,693
Total Expenses
$4,147
Mortgage P&I
80%
$2,148
Property Taxes
21%
$557
Home Insurance
6%
$149
HOA
0%
$0
Property Management
15%
$404
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$673