This property might be a fair Airbnb investment with a projected 3.31% first-year return on $58,740 initial cash invested.
3.31%
Cash On Cash
8.05%
Cap Rate
1.27
DSCR
$2,778
Rent
$162
Cashflow
Cash Flow
$2,778 income − $2,616 expenses = $162 cash flow
Investment Breakdown
|
Purchase Price
$194k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,740
Downpayment
20%
$38,800
Closing costs
1%
$1,940
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,778
Total Expenses
$2,616
Mortgage P&I
37%
$1,028
Property Taxes
7%
$192
Home Insurance
2%
$63
HOA
0%
$0
Property Management
15%
$417
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$694