This property might be a fair Airbnb investment with a projected 1.67% first-year return on $59,013 initial cash invested.
1.67%
Cash On Cash
7.53%
Cap Rate
1.17
DSCR
$2,442
Rent
$82
Cashflow
Cash Flow
$2,442 income − $2,360 expenses = $82 cash flow
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,013
Downpayment
20%
$39,060
Closing costs
1%
$1,953
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,442
Total Expenses
$2,360
Mortgage P&I
43%
$1,046
Property Taxes
3%
$72
Home Insurance
3%
$70
HOA
0%
$0
Property Management
15%
$366
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$610