This property might be a fair Airbnb investment with a projected 2.74% first-year return on $67,413 initial cash invested.
2.74%
Cash On Cash
8.21%
Cap Rate
1.22
DSCR
$3,355
Rent
$154
Cashflow
Cash Flow
$3,355 income − $3,201 expenses = $154 cash flow
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,413
Downpayment
20%
$47,060
Closing costs
1%
$2,353
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,355
Total Expenses
$3,201
Mortgage P&I
39%
$1,321
Property Taxes
6%
$186
Home Insurance
3%
$84
HOA
0%
$0
Property Management
15%
$503
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$839