This property might be a fair Airbnb investment with a projected 3.29% first-year return on $60,903 initial cash invested.
3.29%
Cash On Cash
8.38%
Cap Rate
1.25
DSCR
$2,952
Rent
$167
Cashflow
Cash Flow
$2,952 income − $2,785 expenses = $167 cash flow
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,903
Downpayment
20%
$40,860
Closing costs
1%
$2,043
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,952
Total Expenses
$2,785
Mortgage P&I
39%
$1,142
Property Taxes
5%
$149
Home Insurance
3%
$77
HOA
0%
$0
Property Management
15%
$443
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$738