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This property looks like a bad Airbnb investment with a projected -22.48% first-year return on $120k initial cash invested.
-22.48%
Cash On Cash
0.38%
Cap Rate
0.06
DSCR
$1,278
Rent
-$2,257
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,278 income − $3,535 expenses = $2,257 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,580
Closing costs
1%
$4,879
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,278
Total Expenses
$3,535
Mortgage P&I
185%
$2,359
Property Taxes
30%
$387
Home Insurance
14%
$175
HOA
0%
$0
Property Management
15%
$192
CapEx
4%
$51
Vacancy
0%
$0
Maintenance
4%
$51
Other
25%
$320