This property might be a fair Airbnb investment with a projected 6.85% first-year return on $75,666 initial cash invested.
6.85%
Cash On Cash
9.01%
Cap Rate
1.4
DSCR
$3,942
Rent
$432
Cashflow
Cash Flow
$3,942 income − $3,510 expenses = $432 cash flow
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,666
Downpayment
20%
$54,920
Closing costs
1%
$2,746
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,942
Total Expenses
$3,510
Mortgage P&I
37%
$1,472
Property Taxes
1%
$49
Home Insurance
2%
$96
HOA
0%
$0
Property Management
15%
$591
CapEx
4%
$158
Vacancy
0%
$0
Maintenance
4%
$158
Other
25%
$986