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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 -11.97% first-year return on $64,179 initial cash invested.

-11.97%

Cash On Cash

2.95%

Cap Rate

0.48

DSCR

$1,380

Rent

-$640

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,380 income − $2,020 expenses = $640 out of pocket

Income$1,380Out of Pocket$640Mortgage P&I$1,12682%Property Taxes$15511%Insurance$776%Management$20715%CapEx$554%Maintenance$554%Other$34525%

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

$1,380

Total Expenses

$2,020

Mortgage P&I

82%

$1,126

Property Taxes

11%

$155

Home Insurance

6%

$77

HOA

0%

$0

Property Management

15%

$207

CapEx

4%

$55

Vacancy

0%

$0

Maintenance

4%

$55

Other

25%

$345

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