This property might be a fair Airbnb investment with a projected 3.63% first-year return on $63,150 initial cash invested.
3.63%
Cash On Cash
8.17%
Cap Rate
1.28
DSCR
$3,135
Rent
$191
Cashflow
Cash Flow
$3,135 income − $2,944 expenses = $191 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,135
Total Expenses
$2,944
Mortgage P&I
37%
$1,147
Property Taxes
7%
$218
Home Insurance
2%
$75
HOA
0%
$0
Property Management
15%
$470
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$784