This property might be a fair Airbnb investment with a projected 7.26% first-year return on $48,786 initial cash invested.
7.26%
Cash On Cash
9.5%
Cap Rate
1.53
DSCR
$2,617
Rent
$295
Cashflow
Cash Flow
$2,617 income − $2,322 expenses = $295 cash flow
Investment Breakdown
|
Purchase Price
$147k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,786
Downpayment
20%
$29,320
Closing costs
1%
$1,466
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$2,617
Total Expenses
$2,322
Mortgage P&I
29%
$761
Property Taxes
10%
$260
Home Insurance
2%
$44
HOA
0%
$0
Property Management
15%
$393
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$654