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3515 Pacific Ave, Erie, PA 16506

3 beds • 2 baths • 1333 sqft

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This property looks like a bad Airbnb investment with a projected -7.14% first-year return on $69,051 initial cash invested.

-7.14%

Cash On Cash

4.65%

Cap Rate

0.75

DSCR

$2,214

Rent

-$411

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,214 income − $2,625 expenses = $411 out of pocket

Income$2,214Out of Pocket$411Mortgage P&I$1,26557%Property Taxes$21210%Insurance$844%Management$33215%CapEx$894%Maintenance$894%Other$55425%

Investment Breakdown

|

Purchase Price

$243k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,051

Downpayment

20%

$48,620

Closing costs

1%

$2,431

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,214

Total Expenses

$2,625

Mortgage P&I

57%

$1,265

Property Taxes

10%

$212

Home Insurance

4%

$84

HOA

0%

$0

Property Management

15%

$332

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$554

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