This property might be a fair Airbnb investment with a projected 2.8% first-year return on $69,429 initial cash invested.
2.8%
Cash On Cash
7.83%
Cap Rate
1.23
DSCR
$3,327
Rent
$162
Cashflow
Cash Flow
$3,327 income − $3,165 expenses = $162 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,429
Downpayment
20%
$48,980
Closing costs
1%
$2,449
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,327
Total Expenses
$3,165
Mortgage P&I
39%
$1,302
Property Taxes
5%
$180
Home Insurance
3%
$86
HOA
0%
$0
Property Management
15%
$499
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$832