This property might be a fair Airbnb investment with a projected 0.44% first-year return on $57,375 initial cash invested.
0.44%
Cash On Cash
7.2%
Cap Rate
1.12
DSCR
$2,493
Rent
$21
Cashflow
Cash Flow
$2,493 income − $2,472 expenses = $21 cash flow
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,375
Downpayment
20%
$37,500
Closing costs
1%
$1,875
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,493
Total Expenses
$2,472
Mortgage P&I
40%
$1,004
Property Taxes
8%
$205
Home Insurance
3%
$66
HOA
0%
$0
Property Management
15%
$374
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$623