This property might be a fair Airbnb investment with a projected 5.85% first-year return on $59,685 initial cash invested.
5.85%
Cash On Cash
8.83%
Cap Rate
1.39
DSCR
$3,053
Rent
$291
Cashflow
Cash Flow
$3,053 income − $2,762 expenses = $291 cash flow
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,685
Downpayment
20%
$39,700
Closing costs
1%
$1,985
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$3,053
Total Expenses
$2,762
Mortgage P&I
34%
$1,047
Property Taxes
7%
$210
Home Insurance
1%
$40
HOA
0%
$0
Property Management
15%
$458
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$763