This property might be a fair Airbnb investment with a projected 2.46% first-year return on $48,828 initial cash invested.
2.46%
Cash On Cash
8.23%
Cap Rate
1.24
DSCR
$2,328
Rent
$100
Cashflow
Cash Flow
$2,328 income − $2,228 expenses = $100 cash flow
Investment Breakdown
|
Purchase Price
$147k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,828
Downpayment
20%
$29,360
Closing costs
1%
$1,468
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$2,328
Total Expenses
$2,228
Mortgage P&I
35%
$814
Property Taxes
9%
$220
Home Insurance
3%
$77
HOA
0%
$0
Property Management
15%
$349
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$582