This property might be a fair Airbnb investment with a projected 3.09% first-year return on $54,750 initial cash invested.
3.09%
Cash On Cash
8.02%
Cap Rate
1.25
DSCR
$2,294
Rent
$141
Cashflow
Cash Flow
$2,294 income − $2,153 expenses = $141 cash flow
Investment Breakdown
|
Purchase Price
$175k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,750
Downpayment
20%
$35,000
Closing costs
1%
$1,750
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,294
Total Expenses
$2,153
Mortgage P&I
41%
$937
Property Taxes
2%
$53
Home Insurance
3%
$61
HOA
0%
$0
Property Management
15%
$344
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$574