This property might be a fair Airbnb investment with a projected 3.01% first-year return on $83,751 initial cash invested.
3.01%
Cash On Cash
7.65%
Cap Rate
1.23
DSCR
$4,104
Rent
$210
Cashflow
Cash Flow
$4,104 income − $3,894 expenses = $210 cash flow
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,751
Downpayment
20%
$62,620
Closing costs
1%
$3,131
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,104
Total Expenses
$3,894
Mortgage P&I
40%
$1,623
Property Taxes
5%
$189
Home Insurance
3%
$112
HOA
0%
$0
Property Management
15%
$616
CapEx
4%
$164
Vacancy
0%
$0
Maintenance
4%
$164
Other
25%
$1,026