This property might be a fair Airbnb investment with a projected 6.4% first-year return on $51,390 initial cash invested.
6.4%
Cash On Cash
9.19%
Cap Rate
1.44
DSCR
$2,419
Rent
$274
Cashflow
Cash Flow
$2,419 income − $2,145 expenses = $274 cash flow
Investment Breakdown
|
Purchase Price
$159k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,390
Downpayment
20%
$31,800
Closing costs
1%
$1,590
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,419
Total Expenses
$2,145
Mortgage P&I
35%
$847
Property Taxes
3%
$80
Home Insurance
2%
$56
HOA
0%
$0
Property Management
15%
$363
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$605