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This property looks like a bad Airbnb investment with a projected -19.51% first-year return on $224k initial cash invested.
-19.51%
Cash On Cash
1.8%
Cap Rate
0.3
DSCR
$3,320
Rent
-$3,638
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,320 income − $6,958 expenses = $3,638 out of pocket
Investment Breakdown
|
Purchase Price
$980k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,799
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,320
Total Expenses
$6,958
Mortgage P&I
150%
$4,976
Property Taxes
0%
$4
Home Insurance
10%
$343
HOA
1%
$41
Property Management
15%
$498
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$830