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This property looks like a bad Airbnb investment with a projected -18.52% first-year return on $653k initial cash invested.
-18.52%
Cash On Cash
2.26%
Cap Rate
0.38
DSCR
$17,663
Rent
-$10,073
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$17,663 income − $27,736 expenses = $10,073 out of pocket
Investment Breakdown
|
Purchase Price
$3022k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$653k
Downpayment
20%
$604k
Closing costs
1%
$30,218
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$17,663
Total Expenses
$27,736
Mortgage P&I
85%
$15,045
Property Taxes
10%
$1,850
Home Insurance
13%
$2,362
HOA
0%
$0
Property Management
15%
$2,649
CapEx
4%
$707
Vacancy
0%
$0
Maintenance
4%
$707
Other
25%
$4,416