REI Lense

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24 Grasmere Rd, Lockport, NY 14094

3 beds • 2 baths • 1764 sqft

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This property looks like a bad Airbnb investment with a projected -11.35% first-year return on $85,347 initial cash invested.

-11.35%

Cash On Cash

3.12%

Cap Rate

0.54

DSCR

$2,545

Rent

-$807

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,347

Downpayment

20%

$64,140

Closing costs

1%

$3,207

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,545

Total Expenses

$3,352

Mortgage P&I

61%

$1,540

Property Taxes

19%

$476

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$382

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$636

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