This property might be a fair Airbnb investment with a projected 2.46% first-year return on $86,922 initial cash invested.
2.46%
Cash On Cash
7.43%
Cap Rate
1.22
DSCR
$4,611
Rent
$178
Cashflow
Cash Flow
$4,611 income − $4,433 expenses = $178 cash flow
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,922
Downpayment
20%
$65,640
Closing costs
1%
$3,282
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,611
Total Expenses
$4,433
Mortgage P&I
36%
$1,671
Property Taxes
9%
$432
Home Insurance
3%
$117
HOA
0%
$0
Property Management
15%
$692
CapEx
4%
$184
Vacancy
0%
$0
Maintenance
4%
$184
Other
25%
$1,153