This property might be a fair Airbnb investment with a projected 2.41% first-year return on $96,603 initial cash invested.
2.41%
Cash On Cash
7.61%
Cap Rate
1.2
DSCR
$5,158
Rent
$194
Cashflow
Cash Flow
$5,158 income − $4,964 expenses = $194 cash flow
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,603
Downpayment
20%
$74,860
Closing costs
1%
$3,743
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$5,158
Total Expenses
$4,964
Mortgage P&I
38%
$1,975
Property Taxes
7%
$382
Home Insurance
3%
$131
HOA
0%
$0
Property Management
15%
$774
CapEx
4%
$206
Vacancy
0%
$0
Maintenance
4%
$206
Other
25%
$1,290