This property could be a profitable Airbnb investment with a projected 20.2% first-year return on $47,400 initial cash invested.
20.2%
Cash On Cash
14.46%
Cap Rate
2.24
DSCR
$3,402
Rent
$798
Cashflow
Cash Flow
$3,402 income − $2,604 expenses = $798 cash flow
Investment Breakdown
|
Purchase Price
$140k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,400
Downpayment
20%
$28,000
Closing costs
1%
$1,400
Rehab
0%
$0
Furnishing
13%
$18,000
Cashflow
Total Income
$3,402
Total Expenses
$2,604
Mortgage P&I
22%
$753
Property Taxes
5%
$170
Home Insurance
1%
$49
HOA
0%
$0
Property Management
15%
$510
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$850