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2 Cartwheel Drive, Scotia, NY 12302

3 beds • 2 baths • 1220 sqft

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This property looks like a bad Airbnb investment with a projected -13.98% first-year return on $89,631 initial cash invested.

-13.98%

Cash On Cash

2.44%

Cap Rate

0.42

DSCR

$2,513

Rent

-$1,044

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,513 income − $3,557 expenses = $1,044 out of pocket

Income$2,513Out of Pocket$1,044Mortgage P&I$1,63765%Property Taxes$59424%Insurance$1195%Management$37715%CapEx$1014%Maintenance$1014%Other$62825%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,631

Downpayment

20%

$68,220

Closing costs

1%

$3,411

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,513

Total Expenses

$3,557

Mortgage P&I

65%

$1,637

Property Taxes

24%

$594

Home Insurance

5%

$119

HOA

0%

$0

Property Management

15%

$377

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$628

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