This property might be a fair Airbnb investment with a projected 3.9% first-year return on $69,597 initial cash invested.
3.9%
Cash On Cash
8.59%
Cap Rate
1.27
DSCR
$3,717
Rent
$226
Cashflow
Cash Flow
$3,717 income − $3,491 expenses = $226 cash flow
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,597
Downpayment
20%
$49,140
Closing costs
1%
$2,457
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,717
Total Expenses
$3,491
Mortgage P&I
37%
$1,383
Property Taxes
6%
$234
Home Insurance
2%
$89
HOA
0%
$0
Property Management
15%
$558
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$929