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This property looks like a bad Airbnb investment with a projected -14.6% first-year return on $215k initial cash invested.
-14.6%
Cash On Cash
2.89%
Cap Rate
0.49
DSCR
$5,500
Rent
-$2,621
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,500 income − $8,121 expenses = $2,621 out of pocket
Investment Breakdown
|
Purchase Price
$940k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$188k
Closing costs
1%
$9,400
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,500
Total Expenses
$8,121
Mortgage P&I
85%
$4,664
Property Taxes
8%
$431
Home Insurance
6%
$348
HOA
1%
$38
Property Management
15%
$825
CapEx
4%
$220
Vacancy
0%
$0
Maintenance
4%
$220
Other
25%
$1,375