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24 Diamond Place, Saratoga Springs, NY 12866

3 beds • 2 baths • 1344 sqft

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This property looks like a bad Airbnb investment with a projected -16.89% first-year return on $160k initial cash invested.

-16.89%

Cash On Cash

2.18%

Cap Rate

0.37

DSCR

$3,464

Rent

-$2,252

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,464 income − $5,716 expenses = $2,252 out of pocket

Income$3,464Out of Pocket$2,252Mortgage P&I$3,34497%Property Taxes$46313%Insurance$2457%Management$52015%CapEx$1394%Maintenance$1394%Other$86625%

Investment Breakdown

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Purchase Price

$676k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$160k

Downpayment

20%

$135k

Closing costs

1%

$6,763

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,464

Total Expenses

$5,716

Mortgage P&I

97%

$3,344

Property Taxes

13%

$463

Home Insurance

7%

$245

HOA

0%

$0

Property Management

15%

$520

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$866

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