This property might be a fair Airbnb investment with a projected 3.7% first-year return on $66,804 initial cash invested.
3.7%
Cash On Cash
8.52%
Cap Rate
1.28
DSCR
$3,753
Rent
$206
Cashflow
Cash Flow
$3,753 income − $3,547 expenses = $206 cash flow
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,804
Downpayment
20%
$46,480
Closing costs
1%
$2,324
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,753
Total Expenses
$3,547
Mortgage P&I
34%
$1,294
Property Taxes
9%
$331
Home Insurance
3%
$121
HOA
0%
$0
Property Management
15%
$563
CapEx
4%
$150
Vacancy
0%
$0
Maintenance
4%
$150
Other
25%
$938