This property might be a fair Airbnb investment with a projected 6.9% first-year return on $81,000 initial cash invested.
6.9%
Cash On Cash
9.15%
Cap Rate
1.4
DSCR
$4,712
Rent
$466
Cashflow
Cash Flow
$4,712 income − $4,246 expenses = $466 cash flow
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,712
Total Expenses
$4,246
Mortgage P&I
35%
$1,634
Property Taxes
5%
$246
Home Insurance
2%
$105
HOA
0%
$0
Property Management
15%
$707
CapEx
4%
$188
Vacancy
0%
$0
Maintenance
4%
$188
Other
25%
$1,178