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This property looks like a bad Airbnb investment with a projected -16.19% first-year return on $120k initial cash invested.
-16.19%
Cash On Cash
2.93%
Cap Rate
0.44
DSCR
$3,154
Rent
-$1,625
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,154 income − $4,779 expenses = $1,625 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,580
Closing costs
1%
$4,879
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,154
Total Expenses
$4,779
Mortgage P&I
85%
$2,691
Property Taxes
10%
$328
Home Insurance
6%
$175
HOA
2%
$72
Property Management
15%
$473
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$788