This property might be a fair Airbnb investment with a projected 1.78% first-year return on $75,540 initial cash invested.
1.78%
Cash On Cash
7.41%
Cap Rate
1.19
DSCR
$3,921
Rent
$112
Cashflow
Cash Flow
$3,921 income − $3,809 expenses = $112 cash flow
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,540
Downpayment
20%
$54,800
Closing costs
1%
$2,740
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,921
Total Expenses
$3,809
Mortgage P&I
36%
$1,423
Property Taxes
10%
$406
Home Insurance
3%
$98
HOA
0%
$0
Property Management
15%
$588
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$980