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215 Summit Ave, West Seneca, NY 14224

3 beds • 3 baths • 2004 sqft

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This property looks like a bad Airbnb investment with a projected -9.6% first-year return on $80,979 initial cash invested.

-9.6%

Cash On Cash

3.82%

Cap Rate

0.64

DSCR

$2,884

Rent

-$648

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,884 income − $3,532 expenses = $648 out of pocket

Income$2,884Out of Pocket$648Mortgage P&I$1,48752%Property Taxes$55619%Insurance$1054%Management$43315%CapEx$1154%Maintenance$1154%Other$72125%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,884

Total Expenses

$3,532

Mortgage P&I

52%

$1,487

Property Taxes

19%

$556

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$433

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$721

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