This property might be a fair Airbnb investment with a projected 5.09% first-year return on $58,950 initial cash invested.
5.09%
Cash On Cash
9.03%
Cap Rate
1.35
DSCR
$3,163
Rent
$250
Cashflow
Cash Flow
$3,163 income − $2,913 expenses = $250 cash flow
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,950
Downpayment
20%
$39,000
Closing costs
1%
$1,950
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$3,163
Total Expenses
$2,913
Mortgage P&I
34%
$1,091
Property Taxes
7%
$235
Home Insurance
2%
$68
HOA
0%
$0
Property Management
15%
$474
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$791