This property could be a profitable Airbnb investment with a projected 11.04% first-year return on $78,900 initial cash invested.
11.04%
Cash On Cash
9.97%
Cap Rate
1.63
DSCR
$5,120
Rent
$726
Cashflow
Cash Flow
$5,120 income − $4,394 expenses = $726 cash flow
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$5,120
Total Expenses
$4,394
Mortgage P&I
29%
$1,478
Property Taxes
7%
$356
Home Insurance
2%
$102
HOA
0%
$0
Property Management
15%
$768
CapEx
4%
$205
Vacancy
0%
$0
Maintenance
4%
$205
Other
25%
$1,280