This property might be a fair Airbnb investment with a projected 2.02% first-year return on $65,460 initial cash invested.
2.02%
Cash On Cash
7.98%
Cap Rate
1.2
DSCR
$3,474
Rent
$110
Cashflow
Cash Flow
$3,474 income − $3,364 expenses = $110 cash flow
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,460
Downpayment
20%
$45,200
Closing costs
1%
$2,260
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,474
Total Expenses
$3,364
Mortgage P&I
36%
$1,254
Property Taxes
10%
$342
Home Insurance
3%
$101
HOA
0%
$0
Property Management
15%
$521
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$868