This property might be a fair Airbnb investment with a projected 7.45% first-year return on $59,790 initial cash invested.
7.45%
Cash On Cash
9.71%
Cap Rate
1.45
DSCR
$3,138
Rent
$371
Cashflow
Cash Flow
$3,138 income − $2,767 expenses = $371 cash flow
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$3,138
Total Expenses
$2,767
Mortgage P&I
35%
$1,113
Property Taxes
2%
$67
Home Insurance
2%
$70
HOA
0%
$10
Property Management
15%
$471
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$784