This property might be a fair Airbnb investment with a projected 1.18% first-year return on $68,043 initial cash invested.
1.18%
Cash On Cash
7.72%
Cap Rate
1.16
DSCR
$3,659
Rent
$67
Cashflow
Cash Flow
$3,659 income − $3,592 expenses = $67 cash flow
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,043
Downpayment
20%
$47,660
Closing costs
1%
$2,383
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,659
Total Expenses
$3,592
Mortgage P&I
36%
$1,321
Property Taxes
12%
$424
Home Insurance
2%
$91
HOA
0%
$0
Property Management
15%
$549
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$915