This property might be a fair Airbnb investment with a projected 1.32% first-year return on $65,607 initial cash invested.
1.32%
Cash On Cash
7.8%
Cap Rate
1.16
DSCR
$3,238
Rent
$72
Cashflow
Cash Flow
$3,238 income − $3,166 expenses = $72 cash flow
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,607
Downpayment
20%
$45,340
Closing costs
1%
$2,267
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,238
Total Expenses
$3,166
Mortgage P&I
39%
$1,271
Property Taxes
8%
$251
Home Insurance
3%
$88
HOA
0%
$0
Property Management
15%
$486
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$810