This property could be a profitable Airbnb investment with a projected 11.65% first-year return on $85,683 initial cash invested.
11.65%
Cash On Cash
10.66%
Cap Rate
1.6
DSCR
$6,041
Rent
$832
Cashflow
Cash Flow
$6,041 income − $5,209 expenses = $832 cash flow
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,683
Downpayment
20%
$64,460
Closing costs
1%
$3,223
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$6,041
Total Expenses
$5,209
Mortgage P&I
30%
$1,788
Property Taxes
7%
$405
Home Insurance
2%
$116
HOA
0%
$0
Property Management
15%
$906
CapEx
4%
$242
Vacancy
0%
$0
Maintenance
4%
$242
Other
25%
$1,510