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3141 Oakley Dr, Erie, PA 16506

3 beds • 3 baths • 1765 sqft

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This property looks like a bad Airbnb investment with a projected -14.27% first-year return on $95,049 initial cash invested.

-14.27%

Cash On Cash

2.86%

Cap Rate

0.46

DSCR

$2,531

Rent

-$1,130

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,531 income − $3,661 expenses = $1,130 out of pocket

Income$2,531Out of Pocket$1,130Mortgage P&I$1,90275%Property Taxes$41116%Insurance$1335%Management$38015%CapEx$1014%Maintenance$1014%Other$63325%

Investment Breakdown

|

Purchase Price

$367k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,049

Downpayment

20%

$73,380

Closing costs

1%

$3,669

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,531

Total Expenses

$3,661

Mortgage P&I

75%

$1,902

Property Taxes

16%

$411

Home Insurance

5%

$133

HOA

0%

$0

Property Management

15%

$380

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$633

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