This property might be a fair Airbnb investment with a projected 1.84% first-year return on $96,099 initial cash invested.
1.84%
Cash On Cash
7.68%
Cap Rate
1.17
DSCR
$5,178
Rent
$147
Cashflow
Cash Flow
$5,178 income − $5,031 expenses = $147 cash flow
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,099
Downpayment
20%
$74,380
Closing costs
1%
$3,719
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$5,178
Total Expenses
$5,031
Mortgage P&I
39%
$2,025
Property Taxes
7%
$385
Home Insurance
3%
$136
HOA
0%
$0
Property Management
15%
$777
CapEx
4%
$207
Vacancy
0%
$0
Maintenance
4%
$207
Other
25%
$1,294