This property might be a fair Airbnb investment with a projected 4.47% first-year return on $59,874 initial cash invested.
4.47%
Cash On Cash
8.73%
Cap Rate
1.3
DSCR
$2,796
Rent
$223
Cashflow
Cash Flow
$2,796 income − $2,573 expenses = $223 cash flow
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,874
Downpayment
20%
$39,880
Closing costs
1%
$1,994
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,796
Total Expenses
$2,573
Mortgage P&I
40%
$1,115
Property Taxes
2%
$46
Home Insurance
3%
$70
HOA
0%
$0
Property Management
15%
$419
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$699