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This property looks like a bad Airbnb investment with a projected -25.8% first-year return on $648k initial cash invested.
-25.8%
Cash On Cash
0.56%
Cap Rate
0.09
DSCR
$4,586
Rent
-$13,923
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,586 income − $18,509 expenses = $13,923 out of pocket
Investment Breakdown
|
Purchase Price
$2998k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$648k
Downpayment
20%
$600k
Closing costs
1%
$29,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,586
Total Expenses
$18,509
Mortgage P&I
330%
$15,147
Property Taxes
2%
$113
Home Insurance
23%
$1,049
HOA
0%
$0
Property Management
15%
$688
CapEx
4%
$183
Vacancy
0%
$0
Maintenance
4%
$183
Other
25%
$1,146