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This property looks like a bad Airbnb investment with a projected -11.78% first-year return on $107k initial cash invested.
-11.78%
Cash On Cash
3.51%
Cap Rate
0.57
DSCR
$3,123
Rent
-$1,051
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,123 income − $4,174 expenses = $1,051 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,800
Closing costs
1%
$4,240
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,123
Total Expenses
$4,174
Mortgage P&I
69%
$2,165
Property Taxes
12%
$362
Home Insurance
5%
$148
HOA
0%
$0
Property Management
15%
$468
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$781