This property might be a fair Airbnb investment with a projected 0.69% first-year return on $148k initial cash invested.
0.69%
Cash On Cash
7.25%
Cap Rate
1.11
DSCR
$7,393
Rent
$85
Cashflow
Cash Flow
$7,393 income − $7,308 expenses = $85 cash flow
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,175
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,393
Total Expenses
$7,308
Mortgage P&I
45%
$3,352
Property Taxes
3%
$187
Home Insurance
3%
$220
HOA
0%
$0
Property Management
15%
$1,109
CapEx
4%
$296
Vacancy
0%
$0
Maintenance
4%
$296
Other
25%
$1,848