This property might be a fair Airbnb investment with a projected 4.88% first-year return on $45,027 initial cash invested.
4.88%
Cash On Cash
9.21%
Cap Rate
1.38
DSCR
$2,197
Rent
$183
Cashflow
Cash Flow
$2,197 income − $2,014 expenses = $183 cash flow
Investment Breakdown
|
Purchase Price
$129k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,027
Downpayment
20%
$25,740
Closing costs
1%
$1,287
Rehab
0%
$0
Furnishing
14%
$18,000
Cashflow
Total Income
$2,197
Total Expenses
$2,014
Mortgage P&I
33%
$717
Property Taxes
9%
$196
Home Insurance
2%
$46
HOA
0%
$0
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$549