This property might be a fair Airbnb investment with a projected 6.77% first-year return on $51,590 initial cash invested.
6.77%
Cash On Cash
9.32%
Cap Rate
1.46
DSCR
$2,501
Rent
$291
Cashflow
Cash Flow
$2,501 income − $2,210 expenses = $291 cash flow
Investment Breakdown
|
Purchase Price
$160k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,590
Downpayment
20%
$31,990
Closing costs
1%
$1,600
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,501
Total Expenses
$2,210
Mortgage P&I
34%
$851
Property Taxes
4%
$103
Home Insurance
2%
$56
HOA
0%
$0
Property Management
15%
$375
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$625