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This property looks like a bad Airbnb investment with a projected -21.29% first-year return on $224k initial cash invested.
-21.29%
Cash On Cash
1.19%
Cap Rate
0.2
DSCR
$3,550
Rent
-$3,975
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,550 income − $7,525 expenses = $3,975 out of pocket
Investment Breakdown
|
Purchase Price
$981k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,810
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,550
Total Expenses
$7,525
Mortgage P&I
135%
$4,802
Property Taxes
19%
$669
Home Insurance
10%
$350
HOA
0%
$0
Property Management
15%
$532
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$888