This property might be a fair Airbnb investment with a projected 2.46% first-year return on $54,729 initial cash invested.
2.46%
Cash On Cash
7.64%
Cap Rate
1.22
DSCR
$2,174
Rent
$112
Cashflow
Cash Flow
$2,174 income − $2,062 expenses = $112 cash flow
Investment Breakdown
|
Purchase Price
$175k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,729
Downpayment
20%
$34,980
Closing costs
1%
$1,749
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,174
Total Expenses
$2,062
Mortgage P&I
42%
$915
Property Taxes
2%
$42
Home Insurance
3%
$61
HOA
0%
$0
Property Management
15%
$326
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$544