This property might be a fair Airbnb investment with a projected 8.8% first-year return on $63,990 initial cash invested.
8.8%
Cash On Cash
9.75%
Cap Rate
1.52
DSCR
$3,499
Rent
$469
Cashflow
Cash Flow
$3,499 income − $3,030 expenses = $469 cash flow
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,499
Total Expenses
$3,030
Mortgage P&I
33%
$1,171
Property Taxes
3%
$100
Home Insurance
2%
$79
HOA
0%
$0
Property Management
15%
$525
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$875