| A | B | |
|---|---|---|
1 | Example AirBnB Property | |
2 | Purchase Price | $129,500 |
3 | Mortgage Interest Rate | 5% |
4 | Down Payment (20%) | $25,900 |
5 | Closing Costs (5%) | $6,475 |
6 | Renovation Budget | $30,000 |
7 | Furniture Budget | $10,000 |
8 | Total Cash up Front | $72,375 |
9 | ||
10 | Gross Rent/mo | $3,000 |
11 | less mortgage payment | -$556 |
12 | less prop insurance | -$80 |
13 | less prop taxes | -$50 |
14 | less property mgmt fee (20%) | -$600 |
15 | less sinking fund (10%) | -$300 |
16 | less HOA (if applicable) | $0 |
17 | less lawn/landscaping | -$50 |
18 | Net Oper. Income | $1,364 |
19 | ||
20 | Cash on Cash Return-on-Investment | 22.61% |
21 | for instructions, please see my article on SmartMoneyNation.com | |