This property might be a fair Airbnb investment with a projected 0.28% first-year return on $118k initial cash invested.
0.28%
Cash On Cash
7.11%
Cap Rate
1.12
DSCR
$6,599
Rent
$27
Cashflow
Cash Flow
$6,599 income − $6,572 expenses = $27 cash flow
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,000
Closing costs
1%
$4,750
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$6,599
Total Expenses
$6,572
Mortgage P&I
38%
$2,522
Property Taxes
11%
$716
Home Insurance
3%
$166
HOA
0%
$0
Property Management
15%
$990
CapEx
4%
$264
Vacancy
0%
$0
Maintenance
4%
$264
Other
25%
$1,650