This property might be a fair Airbnb investment with a projected 0.75% first-year return on $54,582 initial cash invested.
0.75%
Cash On Cash
7.58%
Cap Rate
1.13
DSCR
$2,291
Rent
$34
Cashflow
Cash Flow
$2,291 income − $2,257 expenses = $34 cash flow
Investment Breakdown
|
Purchase Price
$174k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,582
Downpayment
20%
$34,840
Closing costs
1%
$1,742
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,291
Total Expenses
$2,257
Mortgage P&I
43%
$974
Property Taxes
5%
$120
Home Insurance
3%
$62
HOA
0%
$0
Property Management
15%
$344
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$573