This property might be a fair Airbnb investment with a projected 1.79% first-year return on $142k initial cash invested.
1.79%
Cash On Cash
7.12%
Cap Rate
1.17
DSCR
$7,654
Rent
$212
Cashflow
Cash Flow
$7,654 income − $7,442 expenses = $212 cash flow
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$119k
Closing costs
1%
$5,925
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,654
Total Expenses
$7,442
Mortgage P&I
39%
$2,996
Property Taxes
7%
$564
Home Insurance
3%
$208
HOA
0%
$0
Property Management
15%
$1,148
CapEx
4%
$306
Vacancy
0%
$0
Maintenance
4%
$306
Other
25%
$1,914