This property might be a fair Airbnb investment with a projected 4.04% first-year return on $79,362 initial cash invested.
4.04%
Cash On Cash
7.92%
Cap Rate
1.29
DSCR
$4,129
Rent
$267
Cashflow
Cash Flow
$4,129 income − $3,862 expenses = $267 cash flow
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,362
Downpayment
20%
$58,440
Closing costs
1%
$2,922
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,129
Total Expenses
$3,862
Mortgage P&I
36%
$1,497
Property Taxes
6%
$267
Home Insurance
3%
$117
HOA
0%
$0
Property Management
15%
$619
CapEx
4%
$165
Vacancy
0%
$0
Maintenance
4%
$165
Other
25%
$1,032