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11926 Craner Rd, Corning, NY 14830

3 beds • 2 baths • 2520 sqft

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This property looks like a bad Airbnb investment with a projected -8.6% first-year return on $66,258 initial cash invested.

-8.6%

Cash On Cash

3.94%

Cap Rate

0.66

DSCR

$2,276

Rent

-$475

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,258

Downpayment

20%

$45,960

Closing costs

1%

$2,298

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,276

Total Expenses

$2,751

Mortgage P&I

50%

$1,139

Property Taxes

20%

$449

Home Insurance

3%

$71

HOA

0%

$0

Property Management

15%

$341

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$569

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