This property might be a fair Airbnb investment with a projected 6.43% first-year return on $66,300 initial cash invested.
6.43%
Cash On Cash
9.3%
Cap Rate
1.38
DSCR
$3,508
Rent
$355
Cashflow
Cash Flow
$3,508 income − $3,153 expenses = $355 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,508
Total Expenses
$3,153
Mortgage P&I
37%
$1,288
Property Taxes
3%
$102
Home Insurance
2%
$80
HOA
0%
$0
Property Management
15%
$526
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$877