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38 Elsmere Avenue, Delmar, NY 12054

3 beds • 3 baths • 2070 sqft

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This property looks like a bad Airbnb investment with a projected -14.45% first-year return on $115k initial cash invested.

-14.45%

Cash On Cash

2.59%

Cap Rate

0.44

DSCR

$3,074

Rent

-$1,390

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,074 income − $4,464 expenses = $1,390 out of pocket

Income$3,074Out of Pocket$1,390Mortgage P&I$2,26774%Property Taxes$55618%Insurance$1665%Management$46115%CapEx$1234%Maintenance$1234%Other$76825%

Investment Breakdown

|

Purchase Price

$464k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,800

Closing costs

1%

$4,640

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,074

Total Expenses

$4,464

Mortgage P&I

74%

$2,267

Property Taxes

18%

$556

Home Insurance

5%

$166

HOA

0%

$0

Property Management

15%

$461

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$768

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