This property might be a fair Airbnb investment with a projected 5.85% first-year return on $47,379 initial cash invested.
5.85%
Cash On Cash
9.48%
Cap Rate
1.42
DSCR
$2,392
Rent
$231
Cashflow
Cash Flow
$2,392 income − $2,161 expenses = $231 cash flow
Investment Breakdown
|
Purchase Price
$140k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,379
Downpayment
20%
$27,980
Closing costs
1%
$1,399
Rehab
0%
$0
Furnishing
13%
$18,000
Cashflow
Total Income
$2,392
Total Expenses
$2,161
Mortgage P&I
33%
$778
Property Taxes
8%
$185
Home Insurance
2%
$49
HOA
0%
$0
Property Management
15%
$359
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$598