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This property looks like a bad Airbnb investment with a projected -17.81% first-year return on $121k initial cash invested.
-17.81%
Cash On Cash
1.84%
Cap Rate
0.3
DSCR
$2,066
Rent
-$1,791
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,066 income − $3,857 expenses = $1,791 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,066
Total Expenses
$3,857
Mortgage P&I
119%
$2,456
Property Taxes
12%
$238
Home Insurance
8%
$171
HOA
0%
$0
Property Management
15%
$310
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$516