This property could be a profitable Airbnb investment with a projected 19.7% first-year return on $30,390 initial cash invested.
19.7%
Cash On Cash
18.39%
Cap Rate
2.8
DSCR
$2,044
Rent
$499
Cashflow
Cash Flow
$2,044 income − $1,545 expenses = $499 cash flow
Investment Breakdown
|
Purchase Price
$59,000
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$30,390
Downpayment
20%
$11,800
Closing costs
1%
$590
Rehab
0%
$0
Furnishing
31%
$18,000
Cashflow
Total Income
$2,044
Total Expenses
$1,545
Mortgage P&I
16%
$323
Property Taxes
11%
$219
Home Insurance
1%
$21
HOA
0%
$0
Property Management
15%
$307
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$511