This property might be a fair Airbnb investment with a projected 8.42% first-year return on $58,131 initial cash invested.
8.42%
Cash On Cash
9.75%
Cap Rate
1.52
DSCR
$3,114
Rent
$408
Cashflow
Cash Flow
$3,114 income − $2,706 expenses = $408 cash flow
Investment Breakdown
|
Purchase Price
$191k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,131
Downpayment
20%
$38,220
Closing costs
1%
$1,911
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$3,114
Total Expenses
$2,706
Mortgage P&I
33%
$1,020
Property Taxes
4%
$125
Home Insurance
2%
$66
HOA
0%
$0
Property Management
15%
$467
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$778