This property might be a fair Airbnb investment with a projected 0.54% first-year return on $66,783 initial cash invested.
0.54%
Cash On Cash
6.96%
Cap Rate
1.11
DSCR
$2,625
Rent
$30
Cashflow
Cash Flow
$2,625 income − $2,595 expenses = $30 cash flow
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,783
Downpayment
20%
$46,460
Closing costs
1%
$2,323
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,625
Total Expenses
$2,595
Mortgage P&I
46%
$1,213
Property Taxes
2%
$57
Home Insurance
2%
$65
HOA
0%
$0
Property Management
15%
$394
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$656