This property might be a fair Airbnb investment with a projected 1.79% first-year return on $79,089 initial cash invested.
1.79%
Cash On Cash
7.67%
Cap Rate
1.17
DSCR
$3,944
Rent
$118
Cashflow
Cash Flow
$3,944 income − $3,826 expenses = $118 cash flow
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,089
Downpayment
20%
$58,180
Closing costs
1%
$2,909
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,944
Total Expenses
$3,826
Mortgage P&I
40%
$1,584
Property Taxes
6%
$245
Home Insurance
3%
$103
HOA
0%
$0
Property Management
15%
$592
CapEx
4%
$158
Vacancy
0%
$0
Maintenance
4%
$158
Other
25%
$986