This property might be a fair Airbnb investment with a projected 4.47% first-year return on $75,183 initial cash invested.
4.47%
Cash On Cash
8.68%
Cap Rate
1.3
DSCR
$4,308
Rent
$280
Cashflow
Cash Flow
$4,308 income − $4,028 expenses = $280 cash flow
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,183
Downpayment
20%
$54,460
Closing costs
1%
$2,723
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$4,308
Total Expenses
$4,028
Mortgage P&I
35%
$1,518
Property Taxes
8%
$349
Home Insurance
2%
$94
HOA
0%
$0
Property Management
15%
$646
CapEx
4%
$172
Vacancy
0%
$0
Maintenance
4%
$172
Other
25%
$1,077