This property might be a fair Airbnb investment with a projected 3.18% first-year return on $132k initial cash invested.
3.18%
Cash On Cash
7.53%
Cap Rate
1.23
DSCR
$7,064
Rent
$350
Cashflow
Cash Flow
$7,064 income − $6,714 expenses = $350 cash flow
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,442
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,064
Total Expenses
$6,714
Mortgage P&I
39%
$2,784
Property Taxes
5%
$346
Home Insurance
3%
$192
HOA
0%
$0
Property Management
15%
$1,060
CapEx
4%
$283
Vacancy
0%
$0
Maintenance
4%
$283
Other
25%
$1,766