This property might be a fair Airbnb investment with a projected 6.85% first-year return on $85,305 initial cash invested.
6.85%
Cash On Cash
8.64%
Cap Rate
1.42
DSCR
$4,911
Rent
$487
Cashflow
Cash Flow
$4,911 income − $4,424 expenses = $487 cash flow
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,305
Downpayment
20%
$64,100
Closing costs
1%
$3,205
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,911
Total Expenses
$4,424
Mortgage P&I
33%
$1,625
Property Taxes
7%
$328
Home Insurance
2%
$114
HOA
0%
$0
Property Management
15%
$737
CapEx
4%
$196
Vacancy
0%
$0
Maintenance
4%
$196
Other
25%
$1,228