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This property looks like a bad Airbnb investment with a projected -19.43% first-year return on $117k initial cash invested.
-19.43%
Cash On Cash
1.32%
Cap Rate
0.22
DSCR
$2,465
Rent
-$1,891
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,465 income − $4,356 expenses = $1,891 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,080
Closing costs
1%
$4,704
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,465
Total Expenses
$4,356
Mortgage P&I
94%
$2,311
Property Taxes
28%
$689
Home Insurance
7%
$172
HOA
0%
$0
Property Management
15%
$370
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$616