This property might be a fair Airbnb investment with a projected 1.63% first-year return on $67,896 initial cash invested.
1.63%
Cash On Cash
7.51%
Cap Rate
1.18
DSCR
$3,456
Rent
$92
Cashflow
Cash Flow
$3,456 income − $3,364 expenses = $92 cash flow
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,896
Downpayment
20%
$47,520
Closing costs
1%
$2,376
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,456
Total Expenses
$3,364
Mortgage P&I
36%
$1,257
Property Taxes
11%
$365
Home Insurance
2%
$84
HOA
0%
$0
Property Management
15%
$518
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$864