This property looks like a bad Airbnb investment with a projected -15.59% first-year return on $121k initial cash invested.
-15.59%
Cash On Cash
3.16%
Cap Rate
0.47
DSCR
$3,346
Rent
-$1,576
Cashflow
Cash Flow
$3,346 income − $4,922 expenses = $1,576 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,360
Closing costs
1%
$4,918
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,346
Total Expenses
$4,922
Mortgage P&I
82%
$2,737
Property Taxes
12%
$407
Home Insurance
5%
$172
HOA
0%
$0
Property Management
15%
$502
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$836
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Comparable Property | Rent | ADR | Beds | Baths | Distance |
|---|---|---|---|---|---|
Modern New England Cape, Clean & Cozy | $4,039 | $166 | 3 | 1.5 | 0.54 mi |
3 BR apartment in Farm House/private entry/deck | $7,057 | $290 | 3 | 1 | 0.87 mi |
Gambler's Getaway | $6,692 | $275 | 3 | 1 | 1.11 mi |
Projection Charts
Investment Value YoY