This property might be a fair Airbnb investment with a projected 7.78% first-year return on $45,510 initial cash invested.
7.78%
Cash On Cash
9.79%
Cap Rate
1.54
DSCR
$2,052
Rent
$295
Cashflow
Cash Flow
$2,052 income − $1,757 expenses = $295 cash flow
Investment Breakdown
|
Purchase Price
$131k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,510
Downpayment
20%
$26,200
Closing costs
1%
$1,310
Rehab
0%
$0
Furnishing
14%
$18,000
Cashflow
Total Income
$2,052
Total Expenses
$1,757
Mortgage P&I
34%
$692
Property Taxes
2%
$36
Home Insurance
2%
$44
HOA
0%
$0
Property Management
15%
$308
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$513