This property might be a fair Airbnb investment with a projected 9.52% first-year return on $72,453 initial cash invested.
9.52%
Cash On Cash
9.66%
Cap Rate
1.56
DSCR
$4,397
Rent
$575
Cashflow
Cash Flow
$4,397 income − $3,822 expenses = $575 cash flow
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,453
Downpayment
20%
$51,860
Closing costs
1%
$2,593
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$4,397
Total Expenses
$3,822
Mortgage P&I
30%
$1,337
Property Taxes
6%
$271
Home Insurance
2%
$103
HOA
0%
$0
Property Management
15%
$660
CapEx
4%
$176
Vacancy
0%
$0
Maintenance
4%
$176
Other
25%
$1,099