This property might be a fair Airbnb investment with a projected 2.78% first-year return on $56,199 initial cash invested.
2.78%
Cash On Cash
7.93%
Cap Rate
1.24
DSCR
$2,531
Rent
$130
Cashflow
Cash Flow
$2,531 income − $2,401 expenses = $130 cash flow
Investment Breakdown
|
Purchase Price
$182k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,199
Downpayment
20%
$36,380
Closing costs
1%
$1,819
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,531
Total Expenses
$2,401
Mortgage P&I
38%
$971
Property Taxes
6%
$149
Home Insurance
3%
$66
HOA
0%
$0
Property Management
15%
$380
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$633