This property might be a fair Airbnb investment with a projected 8.99% first-year return on $59,139 initial cash invested.
8.99%
Cash On Cash
10.13%
Cap Rate
1.53
DSCR
$3,192
Rent
$443
Cashflow
Cash Flow
$3,192 income − $2,749 expenses = $443 cash flow
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,139
Downpayment
20%
$39,180
Closing costs
1%
$1,959
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$3,192
Total Expenses
$2,749
Mortgage P&I
34%
$1,082
Property Taxes
2%
$64
Home Insurance
2%
$70
HOA
0%
$0
Property Management
15%
$479
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$798