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3181 Cranberry Rd, Olean, NY 14760

3 beds • 2 baths • 1750 sqft

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This property looks like a bad Airbnb investment with a projected -9.95% first-year return on $69,807 initial cash invested.

-9.95%

Cash On Cash

3.58%

Cap Rate

0.6

DSCR

$2,092

Rent

-$579

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,092 income − $2,671 expenses = $579 out of pocket

Income$2,092Out of Pocket$579Mortgage P&I$1,23159%Property Taxes$33316%Insurance$1025%Management$31415%CapEx$844%Maintenance$844%Other$52325%

Investment Breakdown

|

Purchase Price

$247k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,807

Downpayment

20%

$49,340

Closing costs

1%

$2,467

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,092

Total Expenses

$2,671

Mortgage P&I

59%

$1,231

Property Taxes

16%

$333

Home Insurance

5%

$102

HOA

0%

$0

Property Management

15%

$314

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$523

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