This property might be a fair Airbnb investment with a projected 2.37% first-year return on $70,395 initial cash invested.
2.37%
Cash On Cash
8.1%
Cap Rate
1.2
DSCR
$3,459
Rent
$139
Cashflow
Cash Flow
$3,459 income − $3,320 expenses = $139 cash flow
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,395
Downpayment
20%
$49,900
Closing costs
1%
$2,495
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,459
Total Expenses
$3,320
Mortgage P&I
41%
$1,408
Property Taxes
5%
$182
Home Insurance
2%
$70
HOA
0%
$0
Property Management
15%
$519
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$865