This property might be a fair Airbnb investment with a projected 6.48% first-year return on $59,790 initial cash invested.
6.48%
Cash On Cash
9.45%
Cap Rate
1.39
DSCR
$2,936
Rent
$323
Cashflow
Cash Flow
$2,936 income − $2,613 expenses = $323 cash flow
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,936
Total Expenses
$2,613
Mortgage P&I
38%
$1,127
Property Taxes
0%
$8
Home Insurance
2%
$70
HOA
0%
$0
Property Management
15%
$440
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$734