This property might be a fair Airbnb investment with a projected 2.76% first-year return on $93,747 initial cash invested.
2.76%
Cash On Cash
7.63%
Cap Rate
1.22
DSCR
$5,100
Rent
$216
Cashflow
Cash Flow
$5,100 income − $4,884 expenses = $216 cash flow
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,747
Downpayment
20%
$72,140
Closing costs
1%
$3,607
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$5,100
Total Expenses
$4,884
Mortgage P&I
37%
$1,873
Property Taxes
7%
$377
Home Insurance
4%
$186
HOA
0%
$0
Property Management
15%
$765
CapEx
4%
$204
Vacancy
0%
$0
Maintenance
4%
$204
Other
25%
$1,275