This property could be a profitable Airbnb investment with a projected 14.75% first-year return on $49,290 initial cash invested.
14.75%
Cash On Cash
12.5%
Cap Rate
1.88
DSCR
$3,019
Rent
$606
Cashflow
Cash Flow
$3,019 income − $2,413 expenses = $606 cash flow
Investment Breakdown
|
Purchase Price
$149k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,290
Downpayment
20%
$29,800
Closing costs
1%
$1,490
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$3,019
Total Expenses
$2,413
Mortgage P&I
27%
$825
Property Taxes
3%
$86
Home Insurance
2%
$52
HOA
0%
$0
Property Management
15%
$453
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$755