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3595 Parti Dr, Cortland, NY 13045

3 beds • 2 baths • 1756 sqft

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This property looks like a bad Airbnb investment with a projected -11.6% first-year return on $75,120 initial cash invested.

-11.6%

Cash On Cash

3.07%

Cap Rate

0.52

DSCR

$2,174

Rent

-$726

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,174 income − $2,900 expenses = $726 out of pocket

Income$2,174Out of Pocket$726Mortgage P&I$1,33461%Property Taxes$42620%Insurance$964%Management$32615%CapEx$874%Maintenance$874%Other$54425%

Investment Breakdown

|

Purchase Price

$272k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,120

Downpayment

20%

$54,400

Closing costs

1%

$2,720

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,174

Total Expenses

$2,900

Mortgage P&I

61%

$1,334

Property Taxes

20%

$426

Home Insurance

4%

$96

HOA

0%

$0

Property Management

15%

$326

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$544

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