This property might be a fair Airbnb investment with a projected 6.67% first-year return on $72,894 initial cash invested.
6.67%
Cash On Cash
9.23%
Cap Rate
1.39
DSCR
$4,108
Rent
$405
Cashflow
Cash Flow
$4,108 income − $3,703 expenses = $405 cash flow
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,894
Downpayment
20%
$52,280
Closing costs
1%
$2,614
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$4,108
Total Expenses
$3,703
Mortgage P&I
35%
$1,442
Property Taxes
5%
$197
Home Insurance
2%
$93
HOA
0%
$0
Property Management
15%
$616
CapEx
4%
$164
Vacancy
0%
$0
Maintenance
4%
$164
Other
25%
$1,027