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1065 Kingston Dr, Olean, NY 14760

3 beds • 3 baths • 3035 sqft

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This property looks like a bad Airbnb investment with a projected -14.87% first-year return on $79,740 initial cash invested.

-14.87%

Cash On Cash

2.09%

Cap Rate

0.36

DSCR

$2,217

Rent

-$988

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,217 income − $3,205 expenses = $988 out of pocket

Income$2,217Out of Pocket$988Mortgage P&I$1,41064%Property Taxes$60027%Insurance$1306%Management$33315%CapEx$894%Maintenance$894%Other$55425%

Investment Breakdown

|

Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,740

Downpayment

20%

$58,800

Closing costs

1%

$2,940

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,217

Total Expenses

$3,205

Mortgage P&I

64%

$1,410

Property Taxes

27%

$600

Home Insurance

6%

$130

HOA

0%

$0

Property Management

15%

$333

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$554

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