This property might be a fair Airbnb investment with a projected 0.8% first-year return on $69,324 initial cash invested.
0.8%
Cash On Cash
7.56%
Cap Rate
1.14
DSCR
$3,603
Rent
$46
Cashflow
Cash Flow
$3,603 income − $3,557 expenses = $46 cash flow
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,324
Downpayment
20%
$48,880
Closing costs
1%
$2,444
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,603
Total Expenses
$3,557
Mortgage P&I
37%
$1,350
Property Taxes
11%
$390
Home Insurance
2%
$88
HOA
0%
$0
Property Management
15%
$540
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$901