This property might be a fair Airbnb investment with a projected 3.47% first-year return on $92,214 initial cash invested.
3.47%
Cash On Cash
7.58%
Cap Rate
1.26
DSCR
$5,010
Rent
$267
Cashflow
Cash Flow
$5,010 income − $4,743 expenses = $267 cash flow
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,214
Downpayment
20%
$70,680
Closing costs
1%
$3,534
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$5,010
Total Expenses
$4,743
Mortgage P&I
35%
$1,764
Property Taxes
9%
$435
Home Insurance
3%
$140
HOA
0%
$0
Property Management
15%
$752
CapEx
4%
$200
Vacancy
0%
$0
Maintenance
4%
$200
Other
25%
$1,252