This property might be a fair Airbnb investment with a projected 9.92% first-year return on $69,450 initial cash invested.
9.92%
Cash On Cash
10.21%
Cap Rate
1.56
DSCR
$4,345
Rent
$574
Cashflow
Cash Flow
$4,345 income − $3,771 expenses = $574 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$4,345
Total Expenses
$3,771
Mortgage P&I
31%
$1,336
Property Taxes
5%
$238
Home Insurance
2%
$86
HOA
1%
$25
Property Management
15%
$652
CapEx
4%
$174
Vacancy
0%
$0
Maintenance
4%
$174
Other
25%
$1,086