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2133 Ferry Rd, Grand Island, NY 14072

3 beds • 3 baths • 3071 sqft

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This property looks like a bad Airbnb investment with a projected -6.52% first-year return on $118k initial cash invested.

-6.52%

Cash On Cash

4.82%

Cap Rate

0.81

DSCR

$4,883

Rent

-$640

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,883 income − $5,523 expenses = $640 out of pocket

Income$4,883Out of Pocket$640Mortgage P&I$2,35248%Property Taxes$66214%Insurance$1663%Management$73215%CapEx$1954%Maintenance$1954%Other$1,22125%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,883

Total Expenses

$5,523

Mortgage P&I

48%

$2,352

Property Taxes

14%

$662

Home Insurance

3%

$166

HOA

0%

$0

Property Management

15%

$732

CapEx

4%

$195

Vacancy

0%

$0

Maintenance

4%

$195

Other

25%

$1,221

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