This property might be a fair Airbnb investment with a projected 3.78% first-year return on $53,700 initial cash invested.
3.78%
Cash On Cash
8.69%
Cap Rate
1.31
DSCR
$3,001
Rent
$169
Cashflow
Cash Flow
$3,001 income − $2,832 expenses = $169 cash flow
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,700
Downpayment
20%
$34,000
Closing costs
1%
$1,700
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$3,001
Total Expenses
$2,832
Mortgage P&I
31%
$942
Property Taxes
13%
$390
Home Insurance
2%
$60
HOA
0%
$0
Property Management
15%
$450
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$750