This property could be a profitable Airbnb investment with a projected 80.59% first-year return on $24,390 initial cash invested.
80.59%
Cash On Cash
42.96%
Cap Rate
6.6
DSCR
$3,838
Rent
$1,638
Cashflow
Cash Flow
$3,838 income − $2,200 expenses = $1,638 cash flow
Investment Breakdown
|
Purchase Price
$59,000
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$24,390
Downpayment
20%
$11,800
Closing costs
1%
$590
Rehab
0%
$0
Furnishing
20%
$12,000
Cashflow
Total Income
$3,838
Total Expenses
$2,200
Mortgage P&I
8%
$320
Property Taxes
0%
$15
Home Insurance
1%
$21
HOA
0%
$0
Property Management
15%
$576
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$960