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This property looks like a bad Airbnb investment with a projected -24.04% first-year return on $224k initial cash invested.
-24.04%
Cash On Cash
0.62%
Cap Rate
0.1
DSCR
$2,463
Rent
-$4,483
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,463 income − $6,946 expenses = $4,483 out of pocket
Investment Breakdown
|
Purchase Price
$980k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,800
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,463
Total Expenses
$6,946
Mortgage P&I
199%
$4,891
Property Taxes
21%
$529
Home Insurance
14%
$343
HOA
0%
$0
Property Management
15%
$369
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$616