This property might be a fair Airbnb investment with a projected 0.75% first-year return on $62,058 initial cash invested.
0.75%
Cash On Cash
7.5%
Cap Rate
1.13
DSCR
$2,676
Rent
$39
Cashflow
Cash Flow
$2,676 income − $2,637 expenses = $39 cash flow
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,058
Downpayment
20%
$41,960
Closing costs
1%
$2,098
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,676
Total Expenses
$2,637
Mortgage P&I
44%
$1,166
Property Taxes
4%
$112
Home Insurance
3%
$75
HOA
0%
$0
Property Management
15%
$401
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$669