This property might be a fair Airbnb investment with a projected 4.27% first-year return on $84,318 initial cash invested.
4.27%
Cash On Cash
8.06%
Cap Rate
1.29
DSCR
$4,389
Rent
$300
Cashflow
Cash Flow
$4,389 income − $4,089 expenses = $300 cash flow
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,318
Downpayment
20%
$63,160
Closing costs
1%
$3,158
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,389
Total Expenses
$4,089
Mortgage P&I
38%
$1,646
Property Taxes
5%
$222
Home Insurance
3%
$114
HOA
0%
$0
Property Management
15%
$658
CapEx
4%
$176
Vacancy
0%
$0
Maintenance
4%
$176
Other
25%
$1,097