This property might be a fair Airbnb investment with a projected 3.84% first-year return on $74,595 initial cash invested.
3.84%
Cash On Cash
7.91%
Cap Rate
1.27
DSCR
$3,553
Rent
$239
Cashflow
Cash Flow
$3,553 income − $3,314 expenses = $239 cash flow
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,595
Downpayment
20%
$53,900
Closing costs
1%
$2,695
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,553
Total Expenses
$3,314
Mortgage P&I
39%
$1,395
Property Taxes
3%
$118
Home Insurance
3%
$96
HOA
0%
$0
Property Management
15%
$533
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$888