This property might be a fair Airbnb investment with a projected 3.83% first-year return on $70,479 initial cash invested.
3.83%
Cash On Cash
8.46%
Cap Rate
1.27
DSCR
$3,694
Rent
$225
Cashflow
Cash Flow
$3,694 income − $3,469 expenses = $225 cash flow
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,479
Downpayment
20%
$49,980
Closing costs
1%
$2,499
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,694
Total Expenses
$3,469
Mortgage P&I
38%
$1,388
Property Taxes
6%
$219
Home Insurance
2%
$88
HOA
0%
$0
Property Management
15%
$554
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$924