This property might be a fair Airbnb investment with a projected 1.12% first-year return on $55,779 initial cash invested.
1.12%
Cash On Cash
7.69%
Cap Rate
1.16
DSCR
$2,636
Rent
$52
Cashflow
Cash Flow
$2,636 income − $2,584 expenses = $52 cash flow
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,779
Downpayment
20%
$35,980
Closing costs
1%
$1,799
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,636
Total Expenses
$2,584
Mortgage P&I
38%
$996
Property Taxes
10%
$261
Home Insurance
2%
$63
HOA
0%
$0
Property Management
15%
$395
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$659