This property might be a fair Airbnb investment with a projected 0.97% first-year return on $66,930 initial cash invested.
0.97%
Cash On Cash
7.24%
Cap Rate
1.14
DSCR
$2,978
Rent
$54
Cashflow
Cash Flow
$2,978 income − $2,924 expenses = $54 cash flow
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,930
Downpayment
20%
$46,600
Closing costs
1%
$2,330
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,978
Total Expenses
$2,924
Mortgage P&I
41%
$1,233
Property Taxes
6%
$180
Home Insurance
3%
$82
HOA
0%
$0
Property Management
15%
$447
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$744