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2616 Stony Point Rd, Grand Island, NY 14072

3 beds • 2 baths • 1432 sqft

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This property looks like a bad Airbnb investment with a projected -6.38% first-year return on $85,935 initial cash invested.

-6.38%

Cash On Cash

4.5%

Cap Rate

0.79

DSCR

$3,201

Rent

-$457

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,201 income − $3,658 expenses = $457 out of pocket

Income$3,201Out of Pocket$457Mortgage P&I$1,54348%Property Taxes$48515%Insurance$943%Management$48015%CapEx$1284%Maintenance$1284%Other$80025%

Investment Breakdown

|

Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,935

Downpayment

20%

$64,700

Closing costs

1%

$3,235

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,201

Total Expenses

$3,658

Mortgage P&I

48%

$1,543

Property Taxes

15%

$485

Home Insurance

3%

$94

HOA

0%

$0

Property Management

15%

$480

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$800

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