This property might be a fair Airbnb investment with a projected 0.27% first-year return on $53,700 initial cash invested.
0.27%
Cash On Cash
6.88%
Cap Rate
1.13
DSCR
$2,505
Rent
$12
Cashflow
Cash Flow
$2,505 income − $2,493 expenses = $12 cash flow
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,700
Downpayment
20%
$34,000
Closing costs
1%
$1,700
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,505
Total Expenses
$2,493
Mortgage P&I
34%
$863
Property Taxes
15%
$368
Home Insurance
2%
$60
HOA
0%
$0
Property Management
15%
$376
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$626