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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 -10.39% first-year return on $85,935 initial cash invested.

-10.39%

Cash On Cash

3.36%

Cap Rate

0.59

DSCR

$2,651

Rent

-$744

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,651 income − $3,395 expenses = $744 out of pocket

Income$2,651Out of Pocket$744Mortgage P&I$1,54358%Property Taxes$48518%Insurance$944%Management$39815%CapEx$1064%Maintenance$1064%Other$66325%

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

$2,651

Total Expenses

$3,395

Mortgage P&I

58%

$1,543

Property Taxes

18%

$485

Home Insurance

4%

$94

HOA

0%

$0

Property Management

15%

$398

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$663

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