This property could be a profitable Airbnb investment with a projected 10.33% first-year return on $64,830 initial cash invested.
10.33%
Cash On Cash
10.25%
Cap Rate
1.58
DSCR
$3,579
Rent
$558
Cashflow
Cash Flow
$3,579 income − $3,021 expenses = $558 cash flow
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,830
Downpayment
20%
$44,600
Closing costs
1%
$2,230
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,579
Total Expenses
$3,021
Mortgage P&I
34%
$1,204
Property Taxes
1%
$20
Home Insurance
2%
$79
HOA
0%
$0
Property Management
15%
$537
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$895