This property might be a fair Airbnb investment with a projected 8.12% first-year return on $60,420 initial cash invested.
8.12%
Cash On Cash
10.09%
Cap Rate
1.5
DSCR
$3,899
Rent
$409
Cashflow
Cash Flow
$3,899 income − $3,490 expenses = $409 cash flow
Investment Breakdown
|
Purchase Price
$202k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,420
Downpayment
20%
$40,400
Closing costs
1%
$2,020
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$3,899
Total Expenses
$3,490
Mortgage P&I
29%
$1,134
Property Taxes
11%
$414
Home Insurance
2%
$70
HOA
0%
$0
Property Management
15%
$585
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$975