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115 E 1st St, Corning, NY 14830

3 beds • 2 baths • 2917 sqft

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This property looks like a bad Airbnb investment with a projected -12.26% first-year return on $68,799 initial cash invested.

-12.26%

Cash On Cash

3.05%

Cap Rate

0.5

DSCR

$2,245

Rent

-$703

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,245 income − $2,948 expenses = $703 out of pocket

Income$2,245Out of Pocket$703Mortgage P&I$1,22855%Property Taxes$57726%Insurance$653%Management$33715%CapEx$904%Maintenance$904%Other$56125%

Investment Breakdown

|

Purchase Price

$242k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,799

Downpayment

20%

$48,380

Closing costs

1%

$2,419

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,245

Total Expenses

$2,948

Mortgage P&I

55%

$1,228

Property Taxes

26%

$577

Home Insurance

3%

$65

HOA

0%

$0

Property Management

15%

$337

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$561

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