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24 Far Pond Rd, Southampton, NY 11968

3 beds • 3 baths • 2600 sqft

$4,341,800

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This property looks like a bad Airbnb investment with a projected -35.94% first-year return on $930k initial cash invested.

-35.94%

Cash On Cash

-1.56%

Cap Rate

-0.26

DSCR

$5,133

Rent

-$27,845

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,133 income − $32,978 expenses = $27,845 out of pocket

Income$5,133Out of Pocket$27,845Mortgage P&I$22,002429%Property Taxes$6,938135%Insurance$1,57531%Management$77015%CapEx$2054%Maintenance$2054%Other$1,28325%

Investment Breakdown

|

Purchase Price

$4342k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$930k

Downpayment

20%

$868k

Closing costs

1%

$43,418

Rehab

0%

$0

Furnishing

0%

$18,000

Cashflow

Total Income

$5,133

Total Expenses

$32,978

Mortgage P&I

429%

$22,002

Property Taxes

135%

$6,938

Home Insurance

31%

$1,575

HOA

0%

$0

Property Management

15%

$770

CapEx

4%

$205

Vacancy

0%

$0

Maintenance

4%

$205

Other

25%

$1,283

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