This property might be a fair Airbnb investment with a projected 8.82% first-year return on $69,555 initial cash invested.
8.82%
Cash On Cash
10.01%
Cap Rate
1.5
DSCR
$4,360
Rent
$511
Cashflow
Cash Flow
$4,360 income − $3,849 expenses = $511 cash flow
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,555
Downpayment
20%
$49,100
Closing costs
1%
$2,455
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$4,360
Total Expenses
$3,849
Mortgage P&I
31%
$1,363
Property Taxes
7%
$308
Home Insurance
2%
$86
HOA
0%
$0
Property Management
15%
$654
CapEx
4%
$174
Vacancy
0%
$0
Maintenance
4%
$174
Other
25%
$1,090