This property might be a fair Airbnb investment with a projected 3.53% first-year return on $171k initial cash invested.
3.53%
Cash On Cash
7.72%
Cap Rate
1.23
DSCR
$9,630
Rent
$504
Cashflow
Cash Flow
$9,630 income − $9,126 expenses = $504 cash flow
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,295
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$9,630
Total Expenses
$9,126
Mortgage P&I
39%
$3,803
Property Taxes
3%
$323
Home Insurance
3%
$261
HOA
1%
$117
Property Management
15%
$1,444
CapEx
4%
$385
Vacancy
0%
$0
Maintenance
4%
$385
Other
25%
$2,408