This property looks like a bad Airbnb investment with a projected -8.38% first-year return on $219k initial cash invested.
-8.38%
Cash On Cash
5.46%
Cap Rate
0.85
DSCR
$9,125
Rent
-$1,529
Cashflow
$109,500
Annual
$290
ADR
43%
Occupancy
40%
Confidence Low
73%
Ithaca Score
Cash Flow
$9,125 income − $10,654 expenses = $1,529 out of pocket
Investment Breakdown
|
Purchase Price
$785k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$157k
Closing costs
1%
$7,850
Rehab
0%
$0
Furnishing
7%
$54,000
Cashflow
Total Income
$9,125
Total Expenses
$10,654
Mortgage P&I
46%
$4,192
Property Taxes
13%
$1,170
Home Insurance
3%
$275
HOA
0%
$0
Property Management
10%
$912
CapEx
10%
$912
Vacancy
0%
$0
Maintenance
10%
$912
Other
25%
$2,281
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Comparable Property | Rent | ADR | Beds | Baths | Distance |
|---|---|---|---|---|---|
The Doling House | $6,971 | $533 | 3 | 0 | 0.68 mi |
Paddock House is Perfect 4 Comfort Privacy & Peace | $2,917 | $223 | 3 | 1 | 0.64 mi |
Sunset Retreat near Cornell Univ | $8,449 | $646 | 3 | 2 | 0.17 mi |
Elegant house | $6,984 | $534 | 3 | 2 | 0.61 mi |
The Falls Guest House | $2,773 | $212 | 3 | 1 | 0.66 mi |
Spacious 3 Bedrms at Cornell & Ithaca Falls | $3,662 | $280 | 3 | 1.5 | 0.48 mi |
3BR/2BA Historic Writer's Home on Cornell Campus | $3,924 | $300 | 3 | 2 | 0.63 mi |
3BR Apartment Near Cornell | $1,726 | $132 | 3 | 1 | 0.68 mi |
Projection Charts
Investment Value YoY
Annualized Return
CoC vs Downpayment
CoC vs Purchase Price