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This property looks like a bad Airbnb investment with a projected -18.26% first-year return on $120k initial cash invested.
-18.26%
Cash On Cash
1.92%
Cap Rate
0.31
DSCR
$2,042
Rent
-$1,832
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,042 income − $3,874 expenses = $1,832 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,500
Closing costs
1%
$4,875
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,042
Total Expenses
$3,874
Mortgage P&I
124%
$2,532
Property Taxes
9%
$192
Home Insurance
8%
$170
HOA
0%
$0
Property Management
15%
$306
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$510