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This property looks like a bad Airbnb investment with a projected -15.56% first-year return on $108k initial cash invested.
-15.56%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$2,940
Rent
-$1,401
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,940 income − $4,341 expenses = $1,401 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,740
Closing costs
1%
$4,287
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,940
Total Expenses
$4,341
Mortgage P&I
80%
$2,363
Property Taxes
14%
$416
Home Insurance
5%
$150
HOA
0%
$0
Property Management
15%
$441
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$735