This property might be a fair Airbnb investment with a projected 1.74% first-year return on $53,679 initial cash invested.
1.74%
Cash On Cash
8.02%
Cap Rate
1.19
DSCR
$2,667
Rent
$78
Cashflow
Cash Flow
$2,667 income − $2,589 expenses = $78 cash flow
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,679
Downpayment
20%
$33,980
Closing costs
1%
$1,699
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,667
Total Expenses
$2,589
Mortgage P&I
36%
$950
Property Taxes
11%
$298
Home Insurance
2%
$60
HOA
0%
$0
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$667