This property looks like a bad Airbnb investment with a projected -12.83% first-year return on $106k initial cash invested.
-12.83%
Cash On Cash
3.46%
Cap Rate
0.54
DSCR
$3,901
Rent
-$1,132
Cashflow
$46,812
Annual
$372
ADR
34%
Occupancy
-18%
Confidence Low
73%
Ithaca Score
Cash Flow
$3,901 income − $5,033 expenses = $1,132 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
6%
$24,000
Cashflow
Total Income
$3,901
Total Expenses
$5,033
Mortgage P&I
54%
$2,099
Property Taxes
24%
$926
Home Insurance
3%
$136
HOA
0%
$0
Property Management
15%
$585
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$975
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Comparable Property | Rent | ADR | Beds | Baths | Distance |
|---|---|---|---|---|---|
Spacious, elegant, family-friendly 4br steps to CU | $17,881 | $1,729 | 4 | 3 | 0.4 mi |
Cornell rental on golf course sleeps 9 | $16,950 | $1,639 | 4 | 3 | 0.61 mi |
Sunset Retreat near Cornell Univ | $6,681 | $646 | 3 | 2 | 0.33 mi |
Spacious 3 Bedrms at Cornell & Ithaca Falls | $2,896 | $280 | 3 | 1.5 | 0.61 mi |
Elegant house | $5,522 | $534 | 3 | 2 | 0.62 mi |
Cayuga Heights Home - Cornell Commencement | $12,255 | $1,185 | 3 | 2 | 0.64 mi |
Projection Charts
Investment Value YoY
Annualized Return
CoC vs Downpayment
CoC vs Purchase Price