This property might be a fair Airbnb investment with a projected 1.47% first-year return on $112k initial cash invested.
1.47%
Cash On Cash
7.51%
Cap Rate
1.16
DSCR
$6,028
Rent
$137
Cashflow
Cash Flow
$6,028 income − $5,891 expenses = $137 cash flow
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,300
Closing costs
1%
$4,465
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$6,028
Total Expenses
$5,891
Mortgage P&I
40%
$2,415
Property Taxes
7%
$422
Home Insurance
3%
$161
HOA
0%
$0
Property Management
15%
$904
CapEx
4%
$241
Vacancy
0%
$0
Maintenance
4%
$241
Other
25%
$1,507