This property might be a fair Airbnb investment with a projected 4.56% first-year return on $63,696 initial cash invested.
4.56%
Cash On Cash
8.58%
Cap Rate
1.31
DSCR
$3,087
Rent
$242
Cashflow
Cash Flow
$3,087 income − $2,845 expenses = $242 cash flow
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,696
Downpayment
20%
$43,520
Closing costs
1%
$2,176
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,087
Total Expenses
$2,845
Mortgage P&I
39%
$1,190
Property Taxes
3%
$95
Home Insurance
3%
$79
HOA
0%
$0
Property Management
15%
$463
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$772