This property might be a fair Airbnb investment with a projected 3.44% first-year return on $54,015 initial cash invested.
3.44%
Cash On Cash
8.59%
Cap Rate
1.27
DSCR
$2,729
Rent
$155
Cashflow
Cash Flow
$2,729 income − $2,574 expenses = $155 cash flow
Investment Breakdown
|
Purchase Price
$172k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,015
Downpayment
20%
$34,300
Closing costs
1%
$1,715
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,729
Total Expenses
$2,574
Mortgage P&I
35%
$964
Property Taxes
8%
$231
Home Insurance
3%
$70
HOA
0%
$0
Property Management
15%
$409
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$682