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This property looks like a bad Airbnb investment with a projected -24.35% first-year return on $119k initial cash invested.
-24.35%
Cash On Cash
0.16%
Cap Rate
0.03
DSCR
$1,597
Rent
-$2,411
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,597 income − $4,008 expenses = $2,411 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,597
Total Expenses
$4,008
Mortgage P&I
151%
$2,409
Property Taxes
42%
$664
Home Insurance
11%
$168
HOA
0%
$0
Property Management
15%
$240
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$399