This property might be a fair Airbnb investment with a projected 9.33% first-year return on $88,854 initial cash invested.
9.33%
Cash On Cash
9.47%
Cap Rate
1.54
DSCR
$6,044
Rent
$691
Cashflow
Cash Flow
$6,044 income − $5,353 expenses = $691 cash flow
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,854
Downpayment
20%
$67,480
Closing costs
1%
$3,374
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$6,044
Total Expenses
$5,353
Mortgage P&I
29%
$1,730
Property Taxes
10%
$599
Home Insurance
2%
$122
HOA
0%
$0
Property Management
15%
$907
CapEx
4%
$242
Vacancy
0%
$0
Maintenance
4%
$242
Other
25%
$1,511