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This property looks like a bad Airbnb investment with a projected -1.31% first-year return on $65,019 initial cash invested.
-1.31%
Cash On Cash
6.5%
Cap Rate
1.04
DSCR
$2,952
Rent
-$71
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,952 income − $3,023 expenses = $71 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,019
Downpayment
20%
$44,780
Closing costs
1%
$2,239
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,952
Total Expenses
$3,023
Mortgage P&I
40%
$1,166
Property Taxes
12%
$358
Home Insurance
3%
$82
HOA
0%
$0
Property Management
15%
$443
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$738