This property might be a fair Airbnb investment with a projected 0.65% first-year return on $92,865 initial cash invested.
0.65%
Cash On Cash
6.92%
Cap Rate
1.12
DSCR
$4,162
Rent
$50
Cashflow
Cash Flow
$4,162 income − $4,112 expenses = $50 cash flow
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,865
Downpayment
20%
$71,300
Closing costs
1%
$3,565
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,162
Total Expenses
$4,112
Mortgage P&I
44%
$1,840
Property Taxes
3%
$145
Home Insurance
3%
$131
HOA
0%
$0
Property Management
15%
$624
CapEx
4%
$166
Vacancy
0%
$0
Maintenance
4%
$166
Other
25%
$1,040