This property could be a profitable Airbnb investment with a projected 17.38% first-year return on $91,500 initial cash invested.
17.38%
Cash On Cash
11.69%
Cap Rate
1.89
DSCR
$6,993
Rent
$1,325
Cashflow
Cash Flow
$6,993 income − $5,668 expenses = $1,325 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$6,993
Total Expenses
$5,668
Mortgage P&I
26%
$1,804
Property Taxes
6%
$385
Home Insurance
2%
$122
HOA
0%
$0
Property Management
15%
$1,049
CapEx
4%
$280
Vacancy
0%
$0
Maintenance
4%
$280
Other
25%
$1,748