This property might be a fair Airbnb investment with a projected 3.67% first-year return on $62,436 initial cash invested.
3.67%
Cash On Cash
8.17%
Cap Rate
1.27
DSCR
$2,858
Rent
$191
Cashflow
Cash Flow
$2,858 income − $2,667 expenses = $191 cash flow
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,436
Downpayment
20%
$42,320
Closing costs
1%
$2,116
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,858
Total Expenses
$2,667
Mortgage P&I
40%
$1,135
Property Taxes
3%
$84
Home Insurance
3%
$77
HOA
0%
$0
Property Management
15%
$429
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$714