This property might be a fair Airbnb investment with a projected 9.21% first-year return on $91,563 initial cash invested.
9.21%
Cash On Cash
9.8%
Cap Rate
1.49
DSCR
$5,911
Rent
$703
Cashflow
Cash Flow
$5,911 income − $5,208 expenses = $703 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,563
Downpayment
20%
$70,060
Closing costs
1%
$3,503
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$5,911
Total Expenses
$5,208
Mortgage P&I
33%
$1,923
Property Taxes
5%
$324
Home Insurance
2%
$124
HOA
0%
$0
Property Management
15%
$887
CapEx
4%
$236
Vacancy
0%
$0
Maintenance
4%
$236
Other
25%
$1,478