This property might be a fair Airbnb investment with a projected 2.83% first-year return on $90,198 initial cash invested.
2.83%
Cash On Cash
7.65%
Cap Rate
1.22
DSCR
$4,684
Rent
$213
Cashflow
Cash Flow
$4,684 income − $4,471 expenses = $213 cash flow
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,198
Downpayment
20%
$68,760
Closing costs
1%
$3,438
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,684
Total Expenses
$4,471
Mortgage P&I
38%
$1,792
Property Taxes
6%
$301
Home Insurance
3%
$122
HOA
0%
$8
Property Management
15%
$703
CapEx
4%
$187
Vacancy
0%
$0
Maintenance
4%
$187
Other
25%
$1,171