This property might be a fair Airbnb investment with a projected 1.54% first-year return on $73,062 initial cash invested.
1.54%
Cash On Cash
7.26%
Cap Rate
1.18
DSCR
$3,724
Rent
$94
Cashflow
Cash Flow
$3,724 income − $3,630 expenses = $94 cash flow
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,062
Downpayment
20%
$52,440
Closing costs
1%
$2,622
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,724
Total Expenses
$3,630
Mortgage P&I
36%
$1,343
Property Taxes
11%
$406
Home Insurance
3%
$93
HOA
0%
$0
Property Management
15%
$559
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$931