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This property looks like a bad Airbnb investment with a projected -16.35% first-year return on $107k initial cash invested.
-16.35%
Cash On Cash
2.3%
Cap Rate
0.37
DSCR
$2,511
Rent
-$1,459
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,511 income − $3,970 expenses = $1,459 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,840
Closing costs
1%
$4,242
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,511
Total Expenses
$3,970
Mortgage P&I
87%
$2,173
Property Taxes
18%
$443
Home Insurance
6%
$149
HOA
0%
$0
Property Management
15%
$377
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$628