This property could be a profitable Airbnb investment with a projected 11.1% first-year return on $63,990 initial cash invested.
11.1%
Cash On Cash
10.53%
Cap Rate
1.63
DSCR
$3,688
Rent
$592
Cashflow
Cash Flow
$3,688 income − $3,096 expenses = $592 cash flow
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,688
Total Expenses
$3,096
Mortgage P&I
32%
$1,182
Property Taxes
2%
$66
Home Insurance
2%
$77
HOA
0%
$0
Property Management
15%
$553
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$922