This property might be a fair Airbnb investment with a projected 8.24% first-year return on $64,200 initial cash invested.
8.24%
Cash On Cash
9.76%
Cap Rate
1.5
DSCR
$3,846
Rent
$441
Cashflow
Cash Flow
$3,846 income − $3,405 expenses = $441 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,846
Total Expenses
$3,405
Mortgage P&I
31%
$1,194
Property Taxes
7%
$287
Home Insurance
2%
$77
HOA
0%
$0
Property Management
15%
$577
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$962