This property might be a fair Airbnb investment with a projected 0.75% first-year return on $73,797 initial cash invested.
0.75%
Cash On Cash
6.93%
Cap Rate
1.12
DSCR
$3,100
Rent
$46
Cashflow
Cash Flow
$3,100 income − $3,054 expenses = $46 cash flow
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,797
Downpayment
20%
$53,140
Closing costs
1%
$2,657
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,100
Total Expenses
$3,054
Mortgage P&I
44%
$1,364
Property Taxes
3%
$106
Home Insurance
3%
$96
HOA
0%
$0
Property Management
15%
$465
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$775