This property could be a profitable Airbnb investment with a projected 14.12% first-year return on $82,617 initial cash invested.
14.12%
Cash On Cash
11.3%
Cap Rate
1.71
DSCR
$5,705
Rent
$972
Cashflow
Cash Flow
$5,705 income − $4,733 expenses = $972 cash flow
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,617
Downpayment
20%
$61,540
Closing costs
1%
$3,077
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$5,705
Total Expenses
$4,733
Mortgage P&I
30%
$1,697
Property Taxes
3%
$189
Home Insurance
2%
$109
HOA
0%
$0
Property Management
15%
$856
CapEx
4%
$228
Vacancy
0%
$0
Maintenance
4%
$228
Other
25%
$1,426