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29 Ironwood Way, Saranac Lake, NY 12983

3 beds • 3 baths • 2368 sqft

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This property looks like a bad Airbnb investment with a projected -13.82% first-year return on $121k initial cash invested.

-13.82%

Cash On Cash

3.1%

Cap Rate

0.5

DSCR

$3,661

Rent

-$1,396

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,661 income − $5,057 expenses = $1,396 out of pocket

Income$3,661Out of Pocket$1,396Mortgage P&I$2,52169%Property Taxes$60517%Insurance$1755%Management$54915%CapEx$1464%Maintenance$1464%Other$91525%

Investment Breakdown

|

Purchase Price

$492k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,300

Closing costs

1%

$4,915

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,661

Total Expenses

$5,057

Mortgage P&I

69%

$2,521

Property Taxes

17%

$605

Home Insurance

5%

$175

HOA

0%

$0

Property Management

15%

$549

CapEx

4%

$146

Vacancy

0%

$0

Maintenance

4%

$146

Other

25%

$915

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