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This property looks like a bad Airbnb investment with a projected -8.87% first-year return on $89,058 initial cash invested.
-8.87%
Cash On Cash
3.7%
Cap Rate
0.63
DSCR
$2,580
Rent
-$658
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,058
Downpayment
20%
$61,960
Closing costs
1%
$3,098
Rehab
0%
$0
Furnishing
8%
$24,000
Cashflow
Total Income
$2,580
Total Expenses
$3,238
Mortgage P&I
59%
$1,511
Property Taxes
15%
$377
Home Insurance
4%
$112
HOA
0%
$0
Property Management
15%
$387
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$645
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Comparable Property | Rent | ADR | Beds | Baths | Distance |
|---|---|---|---|---|---|
Erie Outpost | Home + 1BR In-Law Suite & Backyard | $1,962 | $150 | 4 | 2 | 2.77 mi |
Modern Spacious Home- 4 BR, quiet, center of Erie! | $2,917 | $223 | 4 | 2 | 3.24 mi |
Spacious Oasis near quiet beach! | $4,028 | $308 | 3 | 2 | 2.63 mi |
Stylish & Spacious 3BR Retreat near Presque Isle | $2,629 | $201 | 3 | 2 | 3.42 mi |
104 W Rancho Del Cerro | $2,500 | $250 | 4 | 2 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality