This property might be a fair Airbnb investment with a projected 5.08% first-year return on $73,251 initial cash invested.
5.08%
Cash On Cash
8.73%
Cap Rate
1.32
DSCR
$3,726
Rent
$310
Cashflow
Cash Flow
$3,726 income − $3,416 expenses = $310 cash flow
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,251
Downpayment
20%
$52,620
Closing costs
1%
$2,631
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,726
Total Expenses
$3,416
Mortgage P&I
39%
$1,455
Property Taxes
2%
$76
Home Insurance
3%
$96
HOA
0%
$0
Property Management
15%
$559
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$932