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This property looks like a bad Airbnb investment with a projected -16.55% first-year return on $121k initial cash invested.
-16.55%
Cash On Cash
2%
Cap Rate
0.34
DSCR
$1,987
Rent
-$1,665
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,987 income − $3,652 expenses = $1,665 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,987
Total Expenses
$3,652
Mortgage P&I
121%
$2,403
Property Taxes
6%
$125
Home Insurance
9%
$171
HOA
0%
$0
Property Management
15%
$298
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$497