This property might be a fair Airbnb investment with a projected 1.39% first-year return on $103k initial cash invested.
1.39%
Cash On Cash
7.15%
Cap Rate
1.16
DSCR
$5,298
Rent
$119
Cashflow
Cash Flow
$5,298 income − $5,179 expenses = $119 cash flow
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,880
Closing costs
1%
$4,044
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,298
Total Expenses
$5,179
Mortgage P&I
39%
$2,079
Property Taxes
8%
$410
Home Insurance
3%
$147
HOA
0%
$0
Property Management
15%
$795
CapEx
4%
$212
Vacancy
0%
$0
Maintenance
4%
$212
Other
25%
$1,324