This property could be a profitable Airbnb investment with a projected 14.11% first-year return on $42,450 initial cash invested.
14.11%
Cash On Cash
11.4%
Cap Rate
1.79
DSCR
$2,711
Rent
$499
Cashflow
Cash Flow
$2,711 income − $2,212 expenses = $499 cash flow
Investment Breakdown
|
Purchase Price
$145k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,450
Downpayment
20%
$29,000
Closing costs
1%
$1,450
Rehab
0%
$0
Furnishing
8%
$12,000
Cashflow
Total Income
$2,711
Total Expenses
$2,212
Mortgage P&I
28%
$771
Property Taxes
3%
$89
Home Insurance
2%
$51
HOA
0%
$0
Property Management
15%
$407
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$678