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This property looks like a bad Airbnb investment with a projected -2.02% first-year return on $68,400 initial cash invested.
-2.02%
Cash On Cash
6.6%
Cap Rate
0.99
DSCR
$2,674
Rent
-$115
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,674 income − $2,789 expenses = $115 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,674
Total Expenses
$2,789
Mortgage P&I
50%
$1,329
Property Taxes
3%
$93
Home Insurance
3%
$84
HOA
0%
$0
Property Management
15%
$401
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$668