This property might be a fair Airbnb investment with a projected 3.13% first-year return on $67,476 initial cash invested.
3.13%
Cash On Cash
8.26%
Cap Rate
1.25
DSCR
$3,565
Rent
$176
Cashflow
Cash Flow
$3,565 income − $3,389 expenses = $176 cash flow
Investment Breakdown
|
Purchase Price
$236k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,476
Downpayment
20%
$47,120
Closing costs
1%
$2,356
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,565
Total Expenses
$3,389
Mortgage P&I
37%
$1,302
Property Taxes
9%
$307
Home Insurance
2%
$68
HOA
0%
$0
Property Management
15%
$535
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$891