This property could be a profitable Airbnb investment with a projected 24.41% first-year return on $41,100 initial cash invested.
24.41%
Cash On Cash
16.75%
Cap Rate
2.64
DSCR
$2,920
Rent
$836
Cashflow
Cash Flow
$2,920 income − $2,084 expenses = $836 cash flow
Investment Breakdown
|
Purchase Price
$110k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,100
Downpayment
20%
$22,000
Closing costs
1%
$1,100
Rehab
0%
$0
Furnishing
16%
$18,000
Cashflow
Total Income
$2,920
Total Expenses
$2,084
Mortgage P&I
20%
$582
Property Taxes
2%
$62
Home Insurance
1%
$38
HOA
0%
$0
Property Management
15%
$438
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$730