This property might be a fair Airbnb investment with a projected 0.84% first-year return on $69,681 initial cash invested.
0.84%
Cash On Cash
7.06%
Cap Rate
1.14
DSCR
$3,315
Rent
$49
Cashflow
Cash Flow
$3,315 income − $3,266 expenses = $49 cash flow
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,681
Downpayment
20%
$49,220
Closing costs
1%
$2,461
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,315
Total Expenses
$3,266
Mortgage P&I
38%
$1,265
Property Taxes
10%
$320
Home Insurance
3%
$89
HOA
0%
$0
Property Management
15%
$497
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$829