This property might be a fair Airbnb investment with a projected 6.74% first-year return on $71,970 initial cash invested.
6.74%
Cash On Cash
9.39%
Cap Rate
1.38
DSCR
$3,759
Rent
$404
Cashflow
Cash Flow
$3,759 income − $3,355 expenses = $404 cash flow
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,970
Downpayment
20%
$51,400
Closing costs
1%
$2,570
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,759
Total Expenses
$3,355
Mortgage P&I
39%
$1,458
Property Taxes
1%
$29
Home Insurance
2%
$64
HOA
0%
$0
Property Management
15%
$564
CapEx
4%
$150
Vacancy
0%
$0
Maintenance
4%
$150
Other
25%
$940