This property might be a fair Airbnb investment with a projected 5% first-year return on $58,551 initial cash invested.
5%
Cash On Cash
8.43%
Cap Rate
1.35
DSCR
$2,642
Rent
$244
Cashflow
Cash Flow
$2,642 income − $2,398 expenses = $244 cash flow
Investment Breakdown
|
Purchase Price
$193k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,551
Downpayment
20%
$38,620
Closing costs
1%
$1,931
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,642
Total Expenses
$2,398
Mortgage P&I
38%
$1,006
Property Taxes
2%
$56
Home Insurance
3%
$68
HOA
0%
$0
Property Management
15%
$396
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$660