This property might be a fair Airbnb investment with a projected 7.89% first-year return on $56,430 initial cash invested.
7.89%
Cash On Cash
9.68%
Cap Rate
1.5
DSCR
$3,055
Rent
$371
Cashflow
Cash Flow
$3,055 income − $2,684 expenses = $371 cash flow
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,430
Downpayment
20%
$36,600
Closing costs
1%
$1,830
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$3,055
Total Expenses
$2,684
Mortgage P&I
32%
$983
Property Taxes
6%
$174
Home Insurance
2%
$61
HOA
0%
$0
Property Management
15%
$458
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$764