This property might be a fair Airbnb investment with a projected 0.36% first-year return on $70,878 initial cash invested.
0.36%
Cash On Cash
6.75%
Cap Rate
1.11
DSCR
$2,900
Rent
$21
Cashflow
Cash Flow
$2,900 income − $2,879 expenses = $21 cash flow
Investment Breakdown
|
Purchase Price
$252k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,878
Downpayment
20%
$50,360
Closing costs
1%
$2,518
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,900
Total Expenses
$2,879
Mortgage P&I
44%
$1,279
Property Taxes
4%
$119
Home Insurance
3%
$89
HOA
0%
$0
Property Management
15%
$435
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$725