This property might be a fair Airbnb investment with a projected 4.06% first-year return on $50,550 initial cash invested.
4.06%
Cash On Cash
8.8%
Cap Rate
1.31
DSCR
$2,460
Rent
$171
Cashflow
Cash Flow
$2,460 income − $2,289 expenses = $171 cash flow
Investment Breakdown
|
Purchase Price
$155k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,550
Downpayment
20%
$31,000
Closing costs
1%
$1,550
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$2,460
Total Expenses
$2,289
Mortgage P&I
35%
$868
Property Taxes
8%
$187
Home Insurance
2%
$54
HOA
0%
$0
Property Management
15%
$369
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$615