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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 Long-Term investment with a projected -6.62% first-year return on $67,935 initial cash invested.

-6.62%

Cash On Cash

4.77%

Cap Rate

0.83

DSCR

$2,361

Rent

-$375

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,935

Downpayment

20%

$64,700

Closing costs

1%

$3,235

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,361

Total Expenses

$2,736

Mortgage P&I

65%

$1,543

Property Taxes

21%

$485

Home Insurance

4%

$94

HOA

0%

$0

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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