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1229 State Route 392, Cortland, NY 13045

3 beds • 2 baths • 2416 sqft

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This property might be a fair Airbnb investment with a projected 8% first-year return on $49,479 initial cash invested.

8%

Cash On Cash

9.61%

Cap Rate

1.58

DSCR

$2,732

Rent

$330

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,732 income − $2,402 expenses = $330 cash flow

Income$2,732Mortgage P&I$76128%Property Taxes$27810%Insurance$522%Management$41015%CapEx$1094%Maintenance$1094%Other$68325%Cash Flow$330

Investment Breakdown

|

Purchase Price

$150k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,479

Downpayment

20%

$29,980

Closing costs

1%

$1,499

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,732

Total Expenses

$2,402

Mortgage P&I

28%

$761

Property Taxes

10%

$278

Home Insurance

2%

$52

HOA

0%

$0

Property Management

15%

$410

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$683

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