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This property looks like a bad Airbnb investment with a projected -2.99% first-year return on $142k initial cash invested.
-2.99%
Cash On Cash
5.59%
Cap Rate
0.96
DSCR
$6,213
Rent
-$353
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,213 income − $6,566 expenses = $353 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,213
Total Expenses
$6,566
Mortgage P&I
46%
$2,849
Property Taxes
8%
$524
Home Insurance
3%
$210
HOA
0%
$0
Property Management
15%
$932
CapEx
4%
$249
Vacancy
0%
$0
Maintenance
4%
$249
Other
25%
$1,553