This property might be a fair Airbnb investment with a projected 1.33% first-year return on $84,150 initial cash invested.
1.33%
Cash On Cash
6.97%
Cap Rate
1.15
DSCR
$3,614
Rent
$93
Cashflow
Cash Flow
$3,614 income − $3,521 expenses = $93 cash flow
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,614
Total Expenses
$3,521
Mortgage P&I
44%
$1,591
Property Taxes
2%
$84
Home Insurance
3%
$110
HOA
0%
$0
Property Management
15%
$542
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$904