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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 -12.53% first-year return on $121k initial cash invested.

-12.53%

Cash On Cash

3.44%

Cap Rate

0.56

DSCR

$3,912

Rent

-$1,266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,912 income − $5,178 expenses = $1,266 out of pocket

Income$3,912Out of Pocket$1,266Mortgage P&I$2,52164%Property Taxes$60515%Insurance$1754%Management$58715%CapEx$1564%Maintenance$1564%Other$97825%

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

$3,912

Total Expenses

$5,178

Mortgage P&I

64%

$2,521

Property Taxes

15%

$605

Home Insurance

4%

$175

HOA

0%

$0

Property Management

15%

$587

CapEx

4%

$156

Vacancy

0%

$0

Maintenance

4%

$156

Other

25%

$978

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