This property might be a fair Airbnb investment with a projected 4.98% first-year return on $62,940 initial cash invested.
4.98%
Cash On Cash
8.6%
Cap Rate
1.33
DSCR
$2,949
Rent
$261
Cashflow
Cash Flow
$2,949 income − $2,688 expenses = $261 cash flow
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,940
Downpayment
20%
$42,800
Closing costs
1%
$2,140
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,949
Total Expenses
$2,688
Mortgage P&I
39%
$1,155
Property Taxes
1%
$39
Home Insurance
3%
$79
HOA
0%
$0
Property Management
15%
$442
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$737