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This property looks like a bad Airbnb investment with a projected -12.84% first-year return on $121k initial cash invested.
-12.84%
Cash On Cash
3.21%
Cap Rate
0.53
DSCR
$3,681
Rent
-$1,292
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,681 income − $4,973 expenses = $1,292 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,880
Closing costs
1%
$4,894
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,681
Total Expenses
$4,973
Mortgage P&I
67%
$2,456
Property Taxes
16%
$578
Home Insurance
5%
$173
HOA
0%
$0
Property Management
15%
$552
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$920