This property might be a fair Airbnb investment with a projected 4.39% first-year return on $95,868 initial cash invested.
4.39%
Cash On Cash
8.55%
Cap Rate
1.28
DSCR
$5,691
Rent
$351
Cashflow
Cash Flow
$5,691 income − $5,340 expenses = $351 cash flow
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,868
Downpayment
20%
$74,160
Closing costs
1%
$3,708
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$5,691
Total Expenses
$5,340
Mortgage P&I
36%
$2,063
Property Taxes
7%
$411
Home Insurance
2%
$133
HOA
0%
$0
Property Management
15%
$854
CapEx
4%
$228
Vacancy
0%
$0
Maintenance
4%
$228
Other
25%
$1,423