This property might be a fair Airbnb investment with a projected 5.99% first-year return on $53,332 initial cash invested.
5.99%
Cash On Cash
8.94%
Cap Rate
1.41
DSCR
$2,504
Rent
$266
Cashflow
Cash Flow
$2,504 income − $2,238 expenses = $266 cash flow
Investment Breakdown
|
Purchase Price
$168k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,332
Downpayment
20%
$33,650
Closing costs
1%
$1,682
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,504
Total Expenses
$2,238
Mortgage P&I
35%
$888
Property Taxes
4%
$89
Home Insurance
2%
$59
HOA
0%
$0
Property Management
15%
$376
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$626