This property might be a fair Airbnb investment with a projected 2.81% first-year return on $84,465 initial cash invested.
2.81%
Cash On Cash
7.44%
Cap Rate
1.23
DSCR
$4,072
Rent
$198
Cashflow
Cash Flow
$4,072 income − $3,874 expenses = $198 cash flow
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,465
Downpayment
20%
$63,300
Closing costs
1%
$3,165
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,072
Total Expenses
$3,874
Mortgage P&I
39%
$1,600
Property Taxes
5%
$200
Home Insurance
3%
$119
HOA
0%
$0
Property Management
15%
$611
CapEx
4%
$163
Vacancy
0%
$0
Maintenance
4%
$163
Other
25%
$1,018