This property might be a fair Airbnb investment with a projected 0.72% first-year return on $93,390 initial cash invested.
0.72%
Cash On Cash
7.44%
Cap Rate
1.11
DSCR
$4,272
Rent
$56
Cashflow
Cash Flow
$4,272 income − $4,216 expenses = $56 cash flow
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,390
Downpayment
20%
$71,800
Closing costs
1%
$3,590
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,272
Total Expenses
$4,216
Mortgage P&I
47%
$2,000
Property Taxes
1%
$39
Home Insurance
3%
$126
HOA
0%
$0
Property Management
15%
$641
CapEx
4%
$171
Vacancy
0%
$0
Maintenance
4%
$171
Other
25%
$1,068