This property might be a fair Airbnb investment with a projected 5.31% first-year return on $59,832 initial cash invested.
5.31%
Cash On Cash
9.04%
Cap Rate
1.35
DSCR
$3,048
Rent
$265
Cashflow
Cash Flow
$3,048 income − $2,783 expenses = $265 cash flow
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,832
Downpayment
20%
$39,840
Closing costs
1%
$1,992
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$3,048
Total Expenses
$2,783
Mortgage P&I
37%
$1,114
Property Taxes
4%
$134
Home Insurance
2%
$72
HOA
0%
$0
Property Management
15%
$457
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$762