This property might be a fair Airbnb investment with a projected 9.17% first-year return on $62,142 initial cash invested.
9.17%
Cash On Cash
10.3%
Cap Rate
1.52
DSCR
$3,492
Rent
$475
Cashflow
Cash Flow
$3,492 income − $3,017 expenses = $475 cash flow
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,142
Downpayment
20%
$42,040
Closing costs
1%
$2,102
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$3,492
Total Expenses
$3,017
Mortgage P&I
34%
$1,190
Property Taxes
2%
$76
Home Insurance
2%
$74
HOA
0%
$0
Property Management
15%
$524
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$873