This property might be a fair Airbnb investment with a projected 4.35% first-year return on $74,679 initial cash invested.
4.35%
Cash On Cash
8.7%
Cap Rate
1.29
DSCR
$4,353
Rent
$271
Cashflow
Cash Flow
$4,353 income − $4,082 expenses = $271 cash flow
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,679
Downpayment
20%
$53,980
Closing costs
1%
$2,699
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$4,353
Total Expenses
$4,082
Mortgage P&I
35%
$1,512
Property Taxes
9%
$387
Home Insurance
2%
$94
HOA
0%
$0
Property Management
15%
$653
CapEx
4%
$174
Vacancy
0%
$0
Maintenance
4%
$174
Other
25%
$1,088