This property might be a fair Airbnb investment with a projected 5.45% first-year return on $81,882 initial cash invested.
5.45%
Cash On Cash
8.36%
Cap Rate
1.34
DSCR
$4,180
Rent
$372
Cashflow
Cash Flow
$4,180 income − $3,808 expenses = $372 cash flow
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,882
Downpayment
20%
$60,840
Closing costs
1%
$3,042
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,180
Total Expenses
$3,808
Mortgage P&I
38%
$1,580
Property Taxes
2%
$75
Home Insurance
4%
$147
HOA
0%
$0
Property Management
15%
$627
CapEx
4%
$167
Vacancy
0%
$0
Maintenance
4%
$167
Other
25%
$1,045