This property might be a fair Airbnb investment with a projected 6.15% first-year return on $51,138 initial cash invested.
6.15%
Cash On Cash
9.39%
Cap Rate
1.42
DSCR
$2,526
Rent
$262
Cashflow
Cash Flow
$2,526 income − $2,264 expenses = $262 cash flow
Investment Breakdown
|
Purchase Price
$158k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,138
Downpayment
20%
$31,560
Closing costs
1%
$1,578
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,526
Total Expenses
$2,264
Mortgage P&I
35%
$872
Property Taxes
5%
$123
Home Insurance
2%
$56
HOA
0%
$0
Property Management
15%
$379
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$632