This property might be a fair Airbnb investment with a projected 7.07% first-year return on $47,379 initial cash invested.
7.07%
Cash On Cash
9.61%
Cap Rate
1.49
DSCR
$2,184
Rent
$279
Cashflow
Cash Flow
$2,184 income − $1,905 expenses = $279 cash flow
Investment Breakdown
|
Purchase Price
$140k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,379
Downpayment
20%
$27,980
Closing costs
1%
$1,399
Rehab
0%
$0
Furnishing
13%
$18,000
Cashflow
Total Income
$2,184
Total Expenses
$1,905
Mortgage P&I
35%
$754
Property Taxes
2%
$54
Home Insurance
2%
$49
HOA
0%
$0
Property Management
15%
$328
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$546