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This property looks like a bad Airbnb investment with a projected -14.54% first-year return on $224k initial cash invested.
-14.54%
Cash On Cash
3.71%
Cap Rate
0.56
DSCR
$7,723
Rent
-$2,715
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,723 income − $10,438 expenses = $2,715 out of pocket
Investment Breakdown
|
Purchase Price
$981k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,813
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,723
Total Expenses
$10,438
Mortgage P&I
70%
$5,438
Property Taxes
12%
$945
Home Insurance
5%
$348
HOA
0%
$0
Property Management
15%
$1,158
CapEx
4%
$309
Vacancy
0%
$0
Maintenance
4%
$309
Other
25%
$1,931