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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 -13.24% first-year return on $69,807 initial cash invested.

-13.24%

Cash On Cash

2.58%

Cap Rate

0.43

DSCR

$1,722

Rent

-$770

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,722 income − $2,492 expenses = $770 out of pocket

Income$1,722Out of Pocket$770Mortgage P&I$1,23171%Property Taxes$33319%Insurance$1026%Management$25815%CapEx$694%Maintenance$694%Other$43025%

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

$1,722

Total Expenses

$2,492

Mortgage P&I

71%

$1,231

Property Taxes

19%

$333

Home Insurance

6%

$102

HOA

0%

$0

Property Management

15%

$258

CapEx

4%

$69

Vacancy

0%

$0

Maintenance

4%

$69

Other

25%

$430

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