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This property looks like a bad Airbnb investment with a projected -14.63% first-year return on $120k initial cash invested.
-14.63%
Cash On Cash
2.94%
Cap Rate
0.47
DSCR
$3,066
Rent
-$1,466
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,066 income − $4,532 expenses = $1,466 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,340
Closing costs
1%
$4,867
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,066
Total Expenses
$4,532
Mortgage P&I
83%
$2,536
Property Taxes
9%
$284
Home Insurance
6%
$180
HOA
2%
$60
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$766