This property could be a profitable Airbnb investment with a projected 18.71% first-year return on $57,711 initial cash invested.
18.71%
Cash On Cash
13.44%
Cap Rate
2.01
DSCR
$4,128
Rent
$900
Cashflow
Cash Flow
$4,128 income − $3,228 expenses = $900 cash flow
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,711
Downpayment
20%
$37,820
Closing costs
1%
$1,891
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$4,128
Total Expenses
$3,228
Mortgage P&I
26%
$1,053
Property Taxes
3%
$131
Home Insurance
2%
$63
HOA
0%
$0
Property Management
15%
$619
CapEx
4%
$165
Vacancy
0%
$0
Maintenance
4%
$165
Other
25%
$1,032