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29 Carefree Lane, Lake George, NY 12845

3 beds • 4 baths • 3328 sqft

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This property looks like a bad Airbnb investment with a projected -22.6% first-year return on $206k initial cash invested.

-22.6%

Cash On Cash

1.52%

Cap Rate

0.23

DSCR

$3,458

Rent

-$3,879

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,458 income − $7,337 expenses = $3,879 out of pocket

Income$3,458Out of Pocket$3,879Mortgage P&I$4,876141%Property Taxes$48914%Insurance$3139%Management$51915%CapEx$1384%Maintenance$1384%Other$86425%

Investment Breakdown

|

Purchase Price

$895k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$206k

Downpayment

20%

$179k

Closing costs

1%

$8,950

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,458

Total Expenses

$7,337

Mortgage P&I

141%

$4,876

Property Taxes

14%

$489

Home Insurance

9%

$313

HOA

0%

$0

Property Management

15%

$519

CapEx

4%

$138

Vacancy

0%

$0

Maintenance

4%

$138

Other

25%

$864

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