This property might be a fair Airbnb investment with a projected 6.43% first-year return on $64,200 initial cash invested.
6.43%
Cash On Cash
9.09%
Cap Rate
1.41
DSCR
$3,596
Rent
$344
Cashflow
Cash Flow
$3,596 income − $3,252 expenses = $344 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,596
Total Expenses
$3,252
Mortgage P&I
33%
$1,178
Property Taxes
7%
$269
Home Insurance
2%
$79
HOA
0%
$0
Property Management
15%
$539
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$899