This property might be a fair Airbnb investment with a projected 4.97% first-year return on $55,800 initial cash invested.
4.97%
Cash On Cash
8.95%
Cap Rate
1.34
DSCR
$2,777
Rent
$231
Cashflow
Cash Flow
$2,777 income − $2,546 expenses = $231 cash flow
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,800
Downpayment
20%
$36,000
Closing costs
1%
$1,800
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,777
Total Expenses
$2,546
Mortgage P&I
36%
$1,001
Property Taxes
5%
$149
Home Insurance
2%
$63
HOA
0%
$0
Property Management
15%
$417
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$694