This property could be a profitable Airbnb investment with a projected 11.13% first-year return on $57,480 initial cash invested.
11.13%
Cash On Cash
10.73%
Cap Rate
1.66
DSCR
$3,388
Rent
$533
Cashflow
Cash Flow
$3,388 income − $2,855 expenses = $533 cash flow
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,480
Downpayment
20%
$37,600
Closing costs
1%
$1,880
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$3,388
Total Expenses
$2,855
Mortgage P&I
30%
$1,012
Property Taxes
4%
$151
Home Insurance
2%
$65
HOA
0%
$0
Property Management
15%
$508
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$847