This property might be a fair Airbnb investment with a projected 3.09% first-year return on $76,800 initial cash invested.
3.09%
Cash On Cash
7.81%
Cap Rate
1.23
DSCR
$3,690
Rent
$198
Cashflow
Cash Flow
$3,690 income − $3,492 expenses = $198 cash flow
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,690
Total Expenses
$3,492
Mortgage P&I
40%
$1,477
Property Taxes
4%
$143
Home Insurance
3%
$100
HOA
0%
$0
Property Management
15%
$554
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$922