This property could be a profitable Airbnb investment with a projected 15.58% first-year return on $30,579 initial cash invested.
15.58%
Cash On Cash
15.53%
Cap Rate
2.45
DSCR
$1,558
Rent
$397
Cashflow
Cash Flow
$1,558 income − $1,161 expenses = $397 cash flow
Investment Breakdown
|
Purchase Price
$59,900
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$30,579
Downpayment
20%
$11,980
Closing costs
1%
$599
Rehab
0%
$0
Furnishing
30%
$18,000
Cashflow
Total Income
$1,558
Total Expenses
$1,161
Mortgage P&I
20%
$316
Property Taxes
5%
$76
Home Insurance
1%
$21
HOA
0%
$0
Property Management
15%
$234
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$390