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This property looks like a bad Airbnb investment with a projected -13.04% first-year return on $121k initial cash invested.
-13.04%
Cash On Cash
2.98%
Cap Rate
0.5
DSCR
$2,688
Rent
-$1,312
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,688 income − $4,000 expenses = $1,312 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.3%
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
$2,688
Total Expenses
$4,000
Mortgage P&I
90%
$2,419
Property Taxes
4%
$119
Home Insurance
6%
$171
HOA
0%
$0
Property Management
15%
$403
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$672