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This property looks like a bad Airbnb investment with a projected -10.88% first-year return on $117k initial cash invested.
-10.88%
Cash On Cash
3.41%
Cap Rate
0.59
DSCR
$2,897
Rent
-$1,058
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,897 income − $3,955 expenses = $1,058 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,040
Closing costs
1%
$4,702
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,897
Total Expenses
$3,955
Mortgage P&I
79%
$2,280
Property Taxes
4%
$120
Home Insurance
6%
$164
HOA
0%
$0
Property Management
15%
$435
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$724