This property might be a fair Airbnb investment with a projected 5.4% first-year return on $57,102 initial cash invested.
5.4%
Cash On Cash
9.09%
Cap Rate
1.36
DSCR
$3,004
Rent
$257
Cashflow
Cash Flow
$3,004 income − $2,747 expenses = $257 cash flow
Investment Breakdown
|
Purchase Price
$186k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,102
Downpayment
20%
$37,240
Closing costs
1%
$1,862
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$3,004
Total Expenses
$2,747
Mortgage P&I
34%
$1,034
Property Taxes
7%
$201
Home Insurance
2%
$70
HOA
0%
$0
Property Management
15%
$451
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$751