This property might be a fair Airbnb investment with a projected 4.07% first-year return on $88,224 initial cash invested.
4.07%
Cash On Cash
8.13%
Cap Rate
1.28
DSCR
$4,892
Rent
$299
Cashflow
Cash Flow
$4,892 income − $4,593 expenses = $299 cash flow
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,224
Downpayment
20%
$66,880
Closing costs
1%
$3,344
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,892
Total Expenses
$4,593
Mortgage P&I
36%
$1,770
Property Taxes
7%
$355
Home Insurance
2%
$119
HOA
0%
$0
Property Management
15%
$734
CapEx
4%
$196
Vacancy
0%
$0
Maintenance
4%
$196
Other
25%
$1,223