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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 -16.82% first-year return on $118k initial cash invested.

-16.82%

Cash On Cash

2.07%

Cap Rate

0.35

DSCR

$2,943

Rent

-$1,650

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,943 income − $4,593 expenses = $1,650 out of pocket

Income$2,943Out of Pocket$1,650Mortgage P&I$2,35280%Property Taxes$66222%Insurance$1666%Management$44115%CapEx$1184%Maintenance$1184%Other$73625%

Investment Breakdown

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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

$2,943

Total Expenses

$4,593

Mortgage P&I

80%

$2,352

Property Taxes

22%

$662

Home Insurance

6%

$166

HOA

0%

$0

Property Management

15%

$441

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$736

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