This property might be a fair Airbnb investment with a projected 4.56% first-year return on $85,725 initial cash invested.
4.56%
Cash On Cash
8.14%
Cap Rate
1.31
DSCR
$4,899
Rent
$326
Cashflow
Cash Flow
$4,899 income − $4,573 expenses = $326 cash flow
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,725
Downpayment
20%
$64,500
Closing costs
1%
$3,225
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,899
Total Expenses
$4,573
Mortgage P&I
34%
$1,666
Property Taxes
9%
$439
Home Insurance
2%
$116
HOA
0%
$0
Property Management
15%
$735
CapEx
4%
$196
Vacancy
0%
$0
Maintenance
4%
$196
Other
25%
$1,225