This property could be a profitable Airbnb investment with a projected 13.14% first-year return on $68,400 initial cash invested.
13.14%
Cash On Cash
11.06%
Cap Rate
1.72
DSCR
$4,448
Rent
$749
Cashflow
Cash Flow
$4,448 income − $3,699 expenses = $749 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$4,448
Total Expenses
$3,699
Mortgage P&I
29%
$1,285
Property Taxes
4%
$195
Home Insurance
2%
$84
HOA
0%
$0
Property Management
15%
$667
CapEx
4%
$178
Vacancy
0%
$0
Maintenance
4%
$178
Other
25%
$1,112