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This property looks like a bad Airbnb investment with a projected -17.51% first-year return on $121k initial cash invested.
-17.51%
Cash On Cash
1.9%
Cap Rate
0.32
DSCR
$3,090
Rent
-$1,761
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,090 income − $4,851 expenses = $1,761 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,090
Total Expenses
$4,851
Mortgage P&I
78%
$2,413
Property Taxes
23%
$720
Home Insurance
6%
$171
HOA
2%
$63
Property Management
15%
$464
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$772