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6 Luigi Ave, Bourne, MA 02532

3 beds • 3 baths • 2954 sqft

$1,070,800

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This property looks like a bad Airbnb investment with a projected -21.55% first-year return on $243k initial cash invested.

-21.55%

Cash On Cash

1.31%

Cap Rate

0.22

DSCR

$3,711

Rent

-$4,362

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,711 income − $8,073 expenses = $4,362 out of pocket

Income$3,711Out of Pocket$4,362Mortgage P&I$5,380145%Property Taxes$52714%Insurance$38510%Management$55715%CapEx$1484%Maintenance$1484%Other$92825%

Investment Breakdown

|

Purchase Price

$1071k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$243k

Downpayment

20%

$214k

Closing costs

1%

$10,708

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,711

Total Expenses

$8,073

Mortgage P&I

145%

$5,380

Property Taxes

14%

$527

Home Insurance

10%

$385

HOA

0%

$0

Property Management

15%

$557

CapEx

4%

$148

Vacancy

0%

$0

Maintenance

4%

$148

Other

25%

$928

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