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117 Forest Street, Gloversville, NY 12078

3 beds • 2 baths • 1274 sqft

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This property looks like a bad Airbnb investment with a projected -13.52% first-year return on $58,929 initial cash invested.

-13.52%

Cash On Cash

2.3%

Cap Rate

0.38

DSCR

$1,205

Rent

-$664

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,205 income − $1,869 expenses = $664 out of pocket

Income$1,205Out of Pocket$664Mortgage P&I$99082%Property Taxes$23319%Insurance$686%Management$18115%CapEx$484%Maintenance$484%Other$30125%

Investment Breakdown

|

Purchase Price

$195k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,929

Downpayment

20%

$38,980

Closing costs

1%

$1,949

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,205

Total Expenses

$1,869

Mortgage P&I

82%

$990

Property Taxes

19%

$233

Home Insurance

6%

$68

HOA

0%

$0

Property Management

15%

$181

CapEx

4%

$48

Vacancy

0%

$0

Maintenance

4%

$48

Other

25%

$301

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