This property could be a profitable Airbnb investment with a projected 19.24% first-year return on $41,100 initial cash invested.
19.24%
Cash On Cash
14.66%
Cap Rate
2.31
DSCR
$2,593
Rent
$659
Cashflow
Cash Flow
$2,593 income − $1,934 expenses = $659 cash flow
Investment Breakdown
|
Purchase Price
$110k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,593
Total Expenses
$1,934
Mortgage P&I
22%
$581
Property Taxes
3%
$70
Home Insurance
1%
$38
HOA
0%
$0
Property Management
15%
$389
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$648