This property might be a fair Airbnb investment with a projected 1.45% first-year return on $57,060 initial cash invested.
1.45%
Cash On Cash
7.45%
Cap Rate
1.16
DSCR
$2,297
Rent
$69
Cashflow
Cash Flow
$2,297 income − $2,228 expenses = $69 cash flow
Investment Breakdown
|
Purchase Price
$186k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,060
Downpayment
20%
$37,200
Closing costs
1%
$1,860
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,297
Total Expenses
$2,228
Mortgage P&I
43%
$994
Property Taxes
3%
$65
Home Insurance
3%
$66
HOA
0%
$0
Property Management
15%
$345
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$574