This property might be a fair Airbnb investment with a projected 9.03% first-year return on $45,300 initial cash invested.
9.03%
Cash On Cash
10.67%
Cap Rate
1.61
DSCR
$2,386
Rent
$341
Cashflow
Cash Flow
$2,386 income − $2,045 expenses = $341 cash flow
Investment Breakdown
|
Purchase Price
$130k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,300
Downpayment
20%
$26,000
Closing costs
1%
$1,300
Rehab
0%
$0
Furnishing
14%
$18,000
Cashflow
Total Income
$2,386
Total Expenses
$2,045
Mortgage P&I
30%
$720
Property Taxes
6%
$135
Home Insurance
2%
$46
HOA
0%
$0
Property Management
15%
$358
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$596