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12 Lancestire Drive, Queensbury, NY 12804

3 beds • 3 baths • 1677 sqft

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This property looks like a bad Airbnb investment with a projected -2.62% first-year return on $99,690 initial cash invested.

-2.62%

Cash On Cash

5.84%

Cap Rate

0.98

DSCR

$4,413

Rent

-$218

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,413 income − $4,631 expenses = $218 out of pocket

Income$4,413Out of Pocket$218Mortgage P&I$1,93344%Property Taxes$44310%Insurance$1363%Management$66215%CapEx$1774%Maintenance$1774%Other$1,10325%

Investment Breakdown

|

Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,690

Downpayment

20%

$77,800

Closing costs

1%

$3,890

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,413

Total Expenses

$4,631

Mortgage P&I

44%

$1,933

Property Taxes

10%

$443

Home Insurance

3%

$136

HOA

0%

$0

Property Management

15%

$662

CapEx

4%

$177

Vacancy

0%

$0

Maintenance

4%

$177

Other

25%

$1,103

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