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24 W Erie Street, Albany, NY 12208

3 beds • 2 baths • 1676 sqft

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This property looks like a bad Airbnb investment with a projected -11.26% first-year return on $90,282 initial cash invested.

-11.26%

Cash On Cash

3.34%

Cap Rate

0.57

DSCR

$2,988

Rent

-$847

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,988 income − $3,835 expenses = $847 out of pocket

Income$2,988Out of Pocket$847Mortgage P&I$1,68556%Property Taxes$59320%Insurance$1224%Management$44815%CapEx$1204%Maintenance$1204%Other$74725%

Investment Breakdown

|

Purchase Price

$344k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,282

Downpayment

20%

$68,840

Closing costs

1%

$3,442

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,988

Total Expenses

$3,835

Mortgage P&I

56%

$1,685

Property Taxes

20%

$593

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$448

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$747

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