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This property looks like a bad Airbnb investment with a projected -11.85% first-year return on $141k initial cash invested.
-11.85%
Cash On Cash
3.31%
Cap Rate
0.56
DSCR
$3,592
Rent
-$1,395
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,592 income − $4,987 expenses = $1,395 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,871
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,592
Total Expenses
$4,987
Mortgage P&I
80%
$2,869
Property Taxes
5%
$177
Home Insurance
6%
$208
HOA
0%
$8
Property Management
15%
$539
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$898