This property might be a fair Airbnb investment with a projected 7.1% first-year return on $140k initial cash invested.
7.1%
Cash On Cash
8.82%
Cap Rate
1.37
DSCR
$7,967
Rent
$826
Cashflow
Cash Flow
$7,967 income − $7,141 expenses = $826 cash flow
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,791
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,967
Total Expenses
$7,141
Mortgage P&I
39%
$3,109
Property Taxes
1%
$93
Home Insurance
1%
$114
HOA
0%
$0
Property Management
15%
$1,195
CapEx
4%
$319
Vacancy
0%
$0
Maintenance
4%
$319
Other
25%
$1,992