This property might be a fair Airbnb investment with a projected 2.07% first-year return on $56,850 initial cash invested.
2.07%
Cash On Cash
7.98%
Cap Rate
1.19
DSCR
$2,504
Rent
$98
Cashflow
Cash Flow
$2,504 income − $2,406 expenses = $98 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,504
Total Expenses
$2,406
Mortgage P&I
41%
$1,032
Property Taxes
4%
$107
Home Insurance
3%
$65
HOA
0%
$0
Property Management
15%
$376
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$626