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This property looks like a bad Airbnb investment with a projected -12.55% first-year return on $121k initial cash invested.
-12.55%
Cash On Cash
3.22%
Cap Rate
0.54
DSCR
$3,500
Rent
-$1,262
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,500 income − $4,762 expenses = $1,262 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.3%
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
$3,500
Total Expenses
$4,762
Mortgage P&I
70%
$2,435
Property Taxes
14%
$476
Home Insurance
5%
$171
HOA
0%
$0
Property Management
15%
$525
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$875