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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 -10.43% first-year return on $85,179 initial cash invested.

-10.43%

Cash On Cash

3.45%

Cap Rate

0.59

DSCR

$2,483

Rent

-$740

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$2,483

Total Expenses

$3,223

Mortgage P&I

63%

$1,560

Property Taxes

14%

$360

Home Insurance

5%

$112

HOA

0%

$0

Property Management

15%

$372

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$621

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