This property might be a fair Airbnb investment with a projected 6.92% first-year return on $52,230 initial cash invested.
6.92%
Cash On Cash
9.61%
Cap Rate
1.45
DSCR
$2,600
Rent
$301
Cashflow
Cash Flow
$2,600 income − $2,299 expenses = $301 cash flow
Investment Breakdown
|
Purchase Price
$163k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,230
Downpayment
20%
$32,600
Closing costs
1%
$1,630
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,600
Total Expenses
$2,299
Mortgage P&I
35%
$901
Property Taxes
3%
$73
Home Insurance
3%
$77
HOA
0%
$0
Property Management
15%
$390
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$650