This property might be a fair Airbnb investment with a projected 8.75% first-year return on $48,681 initial cash invested.
8.75%
Cash On Cash
10.18%
Cap Rate
1.58
DSCR
$2,476
Rent
$355
Cashflow
Cash Flow
$2,476 income − $2,121 expenses = $355 cash flow
Investment Breakdown
|
Purchase Price
$146k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,681
Downpayment
20%
$29,220
Closing costs
1%
$1,461
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$2,476
Total Expenses
$2,121
Mortgage P&I
32%
$786
Property Taxes
4%
$96
Home Insurance
2%
$51
HOA
0%
$0
Property Management
15%
$371
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$619