This property might be a fair Airbnb investment with a projected 4.82% first-year return on $56,997 initial cash invested.
4.82%
Cash On Cash
8.77%
Cap Rate
1.35
DSCR
$3,005
Rent
$229
Cashflow
Cash Flow
$3,005 income − $2,776 expenses = $229 cash flow
Investment Breakdown
|
Purchase Price
$186k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,997
Downpayment
20%
$37,140
Closing costs
1%
$1,857
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$3,005
Total Expenses
$2,776
Mortgage P&I
34%
$1,008
Property Taxes
9%
$260
Home Insurance
2%
$66
HOA
0%
$0
Property Management
15%
$451
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$751