This property could be a profitable Airbnb investment with a projected 37.48% first-year return on $30,579 initial cash invested.
37.48%
Cash On Cash
28.11%
Cap Rate
4.14
DSCR
$2,719
Rent
$955
Cashflow
Cash Flow
$2,719 income − $1,764 expenses = $955 cash flow
Investment Breakdown
|
Purchase Price
$59,900
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$30,579
Downpayment
20%
$11,980
Closing costs
1%
$599
Rehab
0%
$0
Furnishing
30%
$18,000
Cashflow
Total Income
$2,719
Total Expenses
$1,764
Mortgage P&I
12%
$339
Property Taxes
4%
$98
Home Insurance
1%
$21
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680