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12 Michaele Ave, Plattsburgh, NY 12901

3 beds • 2 baths • sqft

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This property looks like a bad Airbnb investment with a projected -12.45% first-year return on $64,179 initial cash invested.

-12.45%

Cash On Cash

2.8%

Cap Rate

0.46

DSCR

$1,329

Rent

-$666

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,329 income − $1,995 expenses = $666 out of pocket

Income$1,329Out of Pocket$666Mortgage P&I$1,12685%Property Taxes$15512%Insurance$776%Management$19915%CapEx$534%Maintenance$534%Other$33225%

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,179

Downpayment

20%

$43,980

Closing costs

1%

$2,199

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,329

Total Expenses

$1,995

Mortgage P&I

85%

$1,126

Property Taxes

12%

$155

Home Insurance

6%

$77

HOA

0%

$0

Property Management

15%

$199

CapEx

4%

$53

Vacancy

0%

$0

Maintenance

4%

$53

Other

25%

$332

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