This property might be a fair Airbnb investment with a projected 2.74% first-year return on $64,725 initial cash invested.
2.74%
Cash On Cash
7.91%
Cap Rate
1.23
DSCR
$3,149
Rent
$148
Cashflow
Cash Flow
$3,149 income − $3,001 expenses = $148 cash flow
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,725
Downpayment
20%
$44,500
Closing costs
1%
$2,225
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,149
Total Expenses
$3,001
Mortgage P&I
38%
$1,192
Property Taxes
7%
$228
Home Insurance
2%
$70
HOA
0%
$0
Property Management
15%
$472
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$787