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This property looks like a bad Airbnb investment with a projected -13.66% first-year return on $354k initial cash invested.
-13.66%
Cash On Cash
3.21%
Cap Rate
0.54
DSCR
$9,463
Rent
-$4,030
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,463 income − $13,493 expenses = $4,030 out of pocket
Investment Breakdown
|
Purchase Price
$1600k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$320k
Closing costs
1%
$16,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,463
Total Expenses
$13,493
Mortgage P&I
84%
$7,930
Property Taxes
5%
$460
Home Insurance
6%
$560
HOA
0%
$0
Property Management
15%
$1,419
CapEx
4%
$379
Vacancy
0%
$0
Maintenance
4%
$379
Other
25%
$2,366