This property might be a fair Airbnb investment with a projected 1.88% first-year return on $71,403 initial cash invested.
1.88%
Cash On Cash
7.26%
Cap Rate
1.18
DSCR
$3,172
Rent
$112
Cashflow
Cash Flow
$3,172 income − $3,060 expenses = $112 cash flow
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,403
Downpayment
20%
$50,860
Closing costs
1%
$2,543
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,172
Total Expenses
$3,060
Mortgage P&I
41%
$1,300
Property Taxes
5%
$146
Home Insurance
3%
$91
HOA
0%
$0
Property Management
15%
$476
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$793