This property might be a fair Airbnb investment with a projected 5.04% first-year return on $66,006 initial cash invested.
5.04%
Cash On Cash
8.55%
Cap Rate
1.36
DSCR
$3,872
Rent
$277
Cashflow
Cash Flow
$3,872 income − $3,595 expenses = $277 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,006
Downpayment
20%
$45,720
Closing costs
1%
$2,286
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,872
Total Expenses
$3,595
Mortgage P&I
31%
$1,197
Property Taxes
12%
$462
Home Insurance
2%
$77
HOA
0%
$0
Property Management
15%
$581
CapEx
4%
$155
Vacancy
0%
$0
Maintenance
4%
$155
Other
25%
$968