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3167 W 42nd St, Erie, PA 16506

3 beds • 3 baths • 1502 sqft

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This property looks like a bad Airbnb investment with a projected -4.28% first-year return on $85,179 initial cash invested.

-4.28%

Cash On Cash

5.21%

Cap Rate

0.89

DSCR

$3,324

Rent

-$304

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,324 income − $3,628 expenses = $304 out of pocket

Income$3,324Out of Pocket$304Mortgage P&I$1,56047%Property Taxes$36011%Insurance$1123%Management$49915%CapEx$1334%Maintenance$1334%Other$83125%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,324

Total Expenses

$3,628

Mortgage P&I

47%

$1,560

Property Taxes

11%

$360

Home Insurance

3%

$112

HOA

0%

$0

Property Management

15%

$499

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$831

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