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This property looks like a bad Airbnb investment with a projected -17.28% first-year return on $120k initial cash invested.
-17.28%
Cash On Cash
1.74%
Cap Rate
0.3
DSCR
$2,240
Rent
-$1,734
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,240 income − $3,974 expenses = $1,734 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,540
Closing costs
1%
$4,877
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,240
Total Expenses
$3,974
Mortgage P&I
105%
$2,352
Property Taxes
16%
$358
Home Insurance
8%
$184
HOA
0%
$4
Property Management
15%
$336
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$560