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2604 Bullis Rd, Elma, NY 14059

3 beds • 2 baths • 1865 sqft

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This property looks like a bad Airbnb investment with a projected -12.29% first-year return on $139k initial cash invested.

-12.29%

Cash On Cash

3.31%

Cap Rate

0.56

DSCR

$4,080

Rent

-$1,421

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,080 income − $5,501 expenses = $1,421 out of pocket

Income$4,080Out of Pocket$1,421Mortgage P&I$2,84670%Property Taxes$49612%Insurance$2015%Management$61215%CapEx$1634%Maintenance$1634%Other$1,02025%

Investment Breakdown

|

Purchase Price

$575k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$115k

Closing costs

1%

$5,750

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,080

Total Expenses

$5,501

Mortgage P&I

70%

$2,846

Property Taxes

12%

$496

Home Insurance

5%

$201

HOA

0%

$0

Property Management

15%

$612

CapEx

4%

$163

Vacancy

0%

$0

Maintenance

4%

$163

Other

25%

$1,020

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