This property might be a fair Airbnb investment with a projected 5.62% first-year return on $63,192 initial cash invested.
5.62%
Cash On Cash
8.77%
Cap Rate
1.38
DSCR
$3,359
Rent
$296
Cashflow
Cash Flow
$3,359 income − $3,063 expenses = $296 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,192
Downpayment
20%
$43,040
Closing costs
1%
$2,152
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,359
Total Expenses
$3,063
Mortgage P&I
34%
$1,142
Property Taxes
7%
$232
Home Insurance
2%
$77
HOA
0%
$0
Property Management
15%
$504
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$840