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1895 Bruce Ln, Grand Island, NY 14072

3 beds • 2 baths • 2003 sqft

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This property looks like a bad Airbnb investment with a projected -9.1% first-year return on $79,950 initial cash invested.

-9.1%

Cash On Cash

3.87%

Cap Rate

0.66

DSCR

$2,715

Rent

-$606

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,715 income − $3,321 expenses = $606 out of pocket

Income$2,715Out of Pocket$606Mortgage P&I$1,44953%Property Taxes$46517%Insurance$1034%Management$40715%CapEx$1094%Maintenance$1094%Other$67925%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,715

Total Expenses

$3,321

Mortgage P&I

53%

$1,449

Property Taxes

17%

$465

Home Insurance

4%

$103

HOA

0%

$0

Property Management

15%

$407

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$679

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