This property might be a fair Airbnb investment with a projected 0.84% first-year return on $64,095 initial cash invested.
0.84%
Cash On Cash
7.38%
Cap Rate
1.13
DSCR
$2,743
Rent
$45
Cashflow
Cash Flow
$2,743 income − $2,698 expenses = $45 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,095
Downpayment
20%
$43,900
Closing costs
1%
$2,195
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,743
Total Expenses
$2,698
Mortgage P&I
44%
$1,195
Property Taxes
5%
$134
Home Insurance
2%
$52
HOA
0%
$0
Property Management
15%
$411
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$686