This property might be a fair Airbnb investment with a projected 3.56% first-year return on $80,979 initial cash invested.
3.56%
Cash On Cash
8.17%
Cap Rate
1.25
DSCR
$4,270
Rent
$240
Cashflow
Cash Flow
$4,270 income − $4,030 expenses = $240 cash flow
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,270
Total Expenses
$4,030
Mortgage P&I
38%
$1,630
Property Taxes
6%
$245
Home Insurance
2%
$105
HOA
0%
$0
Property Management
15%
$640
CapEx
4%
$171
Vacancy
0%
$0
Maintenance
4%
$171
Other
25%
$1,068