This property might be a fair Airbnb investment with a projected 7.44% first-year return on $51,285 initial cash invested.
7.44%
Cash On Cash
9.89%
Cap Rate
1.48
DSCR
$2,652
Rent
$318
Cashflow
Cash Flow
$2,652 income − $2,334 expenses = $318 cash flow
Investment Breakdown
|
Purchase Price
$159k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,285
Downpayment
20%
$31,700
Closing costs
1%
$1,585
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,652
Total Expenses
$2,334
Mortgage P&I
33%
$882
Property Taxes
5%
$123
Home Insurance
2%
$56
HOA
0%
$0
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$663