This property might be a fair Airbnb investment with a projected 1.06% first-year return on $84,759 initial cash invested.
1.06%
Cash On Cash
6.98%
Cap Rate
1.14
DSCR
$3,799
Rent
$75
Cashflow
Cash Flow
$3,799 income − $3,724 expenses = $75 cash flow
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,759
Downpayment
20%
$63,580
Closing costs
1%
$3,179
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,799
Total Expenses
$3,724
Mortgage P&I
43%
$1,622
Property Taxes
4%
$144
Home Insurance
3%
$121
HOA
0%
$13
Property Management
15%
$570
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$950