This property might be a fair Airbnb investment with a projected 8.96% first-year return on $47,400 initial cash invested.
8.96%
Cash On Cash
10.35%
Cap Rate
1.59
DSCR
$2,389
Rent
$354
Cashflow
Cash Flow
$2,389 income − $2,035 expenses = $354 cash flow
Investment Breakdown
|
Purchase Price
$140k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,400
Downpayment
20%
$28,000
Closing costs
1%
$1,400
Rehab
0%
$0
Furnishing
13%
$18,000
Cashflow
Total Income
$2,389
Total Expenses
$2,035
Mortgage P&I
32%
$758
Property Taxes
3%
$81
Home Insurance
2%
$49
HOA
0%
$0
Property Management
15%
$358
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$597