This property might be a fair Airbnb investment with a projected 0.95% first-year return on $76,884 initial cash invested.
0.95%
Cash On Cash
6.97%
Cap Rate
1.13
DSCR
$3,225
Rent
$61
Cashflow
Cash Flow
$3,225 income − $3,164 expenses = $61 cash flow
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,884
Downpayment
20%
$56,080
Closing costs
1%
$2,804
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,225
Total Expenses
$3,164
Mortgage P&I
45%
$1,439
Property Taxes
2%
$75
Home Insurance
3%
$102
HOA
0%
$0
Property Management
15%
$484
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$806