This property might be a fair Airbnb investment with a projected 6.06% first-year return on $47,946 initial cash invested.
6.06%
Cash On Cash
9.2%
Cap Rate
1.44
DSCR
$2,248
Rent
$242
Cashflow
Cash Flow
$2,248 income − $2,006 expenses = $242 cash flow
Investment Breakdown
|
Purchase Price
$143k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,946
Downpayment
20%
$28,520
Closing costs
1%
$1,426
Rehab
0%
$0
Furnishing
13%
$18,000
Cashflow
Total Income
$2,248
Total Expenses
$2,006
Mortgage P&I
34%
$761
Property Taxes
5%
$115
Home Insurance
2%
$51
HOA
0%
$0
Property Management
15%
$337
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$562