This property might be a fair Airbnb investment with a projected 8.67% first-year return on $74,490 initial cash invested.
8.67%
Cash On Cash
9.27%
Cap Rate
1.5
DSCR
$3,943
Rent
$538
Cashflow
Cash Flow
$3,943 income − $3,405 expenses = $538 cash flow
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,490
Downpayment
20%
$53,800
Closing costs
1%
$2,690
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,943
Total Expenses
$3,405
Mortgage P&I
35%
$1,381
Property Taxes
1%
$33
Home Insurance
2%
$98
HOA
0%
$0
Property Management
15%
$591
CapEx
4%
$158
Vacancy
0%
$0
Maintenance
4%
$158
Other
25%
$986