This property might be a fair Airbnb investment with a projected 1.28% first-year return on $59,790 initial cash invested.
1.28%
Cash On Cash
7.34%
Cap Rate
1.15
DSCR
$2,321
Rent
$64
Cashflow
Cash Flow
$2,321 income − $2,257 expenses = $64 cash flow
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,321
Total Expenses
$2,257
Mortgage P&I
46%
$1,061
Property Taxes
1%
$12
Home Insurance
3%
$70
HOA
0%
$0
Property Management
15%
$348
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$580