This property might be a fair Airbnb investment with a projected 0.23% first-year return on $62,625 initial cash invested.
0.23%
Cash On Cash
7.47%
Cap Rate
1.11
DSCR
$3,065
Rent
$12
Cashflow
Cash Flow
$3,065 income − $3,053 expenses = $12 cash flow
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,625
Downpayment
20%
$42,500
Closing costs
1%
$2,125
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,065
Total Expenses
$3,053
Mortgage P&I
39%
$1,187
Property Taxes
10%
$310
Home Insurance
3%
$84
HOA
0%
$0
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$766