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This property looks like a bad Airbnb investment with a projected -8.85% first-year return on $69,135 initial cash invested.
-8.85%
Cash On Cash
4.5%
Cap Rate
0.69
DSCR
$2,414
Rent
-$510
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,414 income − $2,924 expenses = $510 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,135
Downpayment
20%
$48,700
Closing costs
1%
$2,435
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,414
Total Expenses
$2,924
Mortgage P&I
55%
$1,327
Property Taxes
14%
$349
Home Insurance
4%
$88
HOA
0%
$0
Property Management
15%
$362
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$604