This property might be a fair Airbnb investment with a projected 2.59% first-year return on $59,706 initial cash invested.
2.59%
Cash On Cash
8.18%
Cap Rate
1.23
DSCR
$3,016
Rent
$129
Cashflow
Cash Flow
$3,016 income − $2,887 expenses = $129 cash flow
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,706
Downpayment
20%
$39,720
Closing costs
1%
$1,986
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$3,016
Total Expenses
$2,887
Mortgage P&I
37%
$1,103
Property Taxes
8%
$250
Home Insurance
3%
$86
HOA
0%
$0
Property Management
15%
$452
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$754