This property might be a fair Airbnb investment with a projected 2.78% first-year return on $43,200 initial cash invested.
2.78%
Cash On Cash
8.13%
Cap Rate
1.29
DSCR
$2,116
Rent
$100
Cashflow
Cash Flow
$2,116 income − $2,016 expenses = $100 cash flow
Investment Breakdown
|
Purchase Price
$120k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$43,200
Downpayment
20%
$24,000
Closing costs
1%
$1,200
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$2,116
Total Expenses
$2,016
Mortgage P&I
30%
$628
Property Taxes
15%
$312
Home Insurance
3%
$60
HOA
0%
$0
Property Management
15%
$317
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$529