This property might be a fair Airbnb investment with a projected 5.33% first-year return on $65,964 initial cash invested.
5.33%
Cash On Cash
8.81%
Cap Rate
1.35
DSCR
$3,467
Rent
$293
Cashflow
Cash Flow
$3,467 income − $3,174 expenses = $293 cash flow
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,964
Downpayment
20%
$45,680
Closing costs
1%
$2,284
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,467
Total Expenses
$3,174
Mortgage P&I
36%
$1,245
Property Taxes
5%
$168
Home Insurance
2%
$79
HOA
0%
$17
Property Management
15%
$520
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$867