This property could be a profitable Airbnb investment with a projected 16% first-year return on $57,291 initial cash invested.
16%
Cash On Cash
12.11%
Cap Rate
1.94
DSCR
$3,808
Rent
$764
Cashflow
Cash Flow
$3,808 income − $3,044 expenses = $764 cash flow
Investment Breakdown
|
Purchase Price
$187k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,291
Downpayment
20%
$37,420
Closing costs
1%
$1,871
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$3,808
Total Expenses
$3,044
Mortgage P&I
26%
$972
Property Taxes
4%
$154
Home Insurance
2%
$91
HOA
0%
$0
Property Management
15%
$571
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$952