This property might be a fair Airbnb investment with a projected 5.77% first-year return on $69,450 initial cash invested.
5.77%
Cash On Cash
8.89%
Cap Rate
1.38
DSCR
$4,159
Rent
$334
Cashflow
Cash Flow
$4,159 income − $3,825 expenses = $334 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$4,159
Total Expenses
$3,825
Mortgage P&I
32%
$1,316
Property Taxes
10%
$427
Home Insurance
2%
$86
HOA
0%
$0
Property Management
15%
$624
CapEx
4%
$166
Vacancy
0%
$0
Maintenance
4%
$166
Other
25%
$1,040