This property might be a fair Airbnb investment with a projected 3% first-year return on $67,182 initial cash invested.
3%
Cash On Cash
8.14%
Cap Rate
1.23
DSCR
$3,338
Rent
$168
Cashflow
Cash Flow
$3,338 income − $3,170 expenses = $168 cash flow
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,182
Downpayment
20%
$46,840
Closing costs
1%
$2,342
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,338
Total Expenses
$3,170
Mortgage P&I
39%
$1,286
Property Taxes
5%
$179
Home Insurance
3%
$102
HOA
0%
$0
Property Management
15%
$501
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$834