This property might be a fair Airbnb investment with a projected 6.23% first-year return on $48,555 initial cash invested.
6.23%
Cash On Cash
9.21%
Cap Rate
1.44
DSCR
$2,201
Rent
$252
Cashflow
Cash Flow
$2,201 income − $1,949 expenses = $252 cash flow
Investment Breakdown
|
Purchase Price
$146k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,555
Downpayment
20%
$29,100
Closing costs
1%
$1,455
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$2,201
Total Expenses
$1,949
Mortgage P&I
35%
$777
Property Taxes
3%
$64
Home Insurance
2%
$52
HOA
0%
$0
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$550