This property might be a fair Airbnb investment with a projected 5.71% first-year return on $61,113 initial cash invested.
5.71%
Cash On Cash
9.14%
Cap Rate
1.36
DSCR
$3,048
Rent
$291
Cashflow
Cash Flow
$3,048 income − $2,757 expenses = $291 cash flow
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,113
Downpayment
20%
$41,060
Closing costs
1%
$2,053
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$3,048
Total Expenses
$2,757
Mortgage P&I
38%
$1,150
Property Taxes
2%
$60
Home Insurance
3%
$84
HOA
0%
$0
Property Management
15%
$457
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$762