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This property looks like a bad Airbnb investment with a projected -17.74% first-year return on $121k initial cash invested.
-17.74%
Cash On Cash
1.61%
Cap Rate
0.28
DSCR
$2,027
Rent
-$1,784
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,027 income − $3,811 expenses = $1,784 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,780
Closing costs
1%
$4,889
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,027
Total Expenses
$3,811
Mortgage P&I
116%
$2,357
Property Taxes
15%
$310
Home Insurance
8%
$171
HOA
0%
$0
Property Management
15%
$304
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$507