This property might be a fair Airbnb investment with a projected 1.2% first-year return on $78,879 initial cash invested.
1.2%
Cash On Cash
7.13%
Cap Rate
1.14
DSCR
$3,410
Rent
$79
Cashflow
Cash Flow
$3,410 income − $3,331 expenses = $79 cash flow
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,879
Downpayment
20%
$57,980
Closing costs
1%
$2,899
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,410
Total Expenses
$3,331
Mortgage P&I
44%
$1,507
Property Taxes
3%
$86
Home Insurance
3%
$102
HOA
0%
$0
Property Management
15%
$512
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$852