This property might be a fair Airbnb investment with a projected 2.37% first-year return on $57,690 initial cash invested.
2.37%
Cash On Cash
8.11%
Cap Rate
1.2
DSCR
$2,568
Rent
$114
Cashflow
Cash Flow
$2,568 income − $2,454 expenses = $114 cash flow
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,568
Total Expenses
$2,454
Mortgage P&I
41%
$1,060
Property Taxes
4%
$95
Home Insurance
3%
$66
HOA
0%
$0
Property Management
15%
$385
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$642