This property might be a fair Airbnb investment with a projected 3.17% first-year return on $85,200 initial cash invested.
3.17%
Cash On Cash
7.59%
Cap Rate
1.24
DSCR
$4,245
Rent
$225
Cashflow
Cash Flow
$4,245 income − $4,020 expenses = $225 cash flow
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,200
Downpayment
20%
$64,000
Closing costs
1%
$3,200
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,245
Total Expenses
$4,020
Mortgage P&I
38%
$1,629
Property Taxes
5%
$231
Home Insurance
3%
$122
HOA
0%
$0
Property Management
15%
$637
CapEx
4%
$170
Vacancy
0%
$0
Maintenance
4%
$170
Other
25%
$1,061