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38 Melody Ln, Plattsburgh, NY 12901

3 beds • 2 baths • 1394 sqft

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This property looks like a bad Airbnb investment with a projected -19.83% first-year return on $89,799 initial cash invested.

-19.83%

Cash On Cash

0.98%

Cap Rate

0.16

DSCR

$1,448

Rent

-$1,484

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,448 income − $2,932 expenses = $1,484 out of pocket

Income$1,448Out of Pocket$1,484Mortgage P&I$1,706118%Property Taxes$40528%Insurance$1269%Management$21715%CapEx$584%Maintenance$584%Other$36225%

Investment Breakdown

|

Purchase Price

$342k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,799

Downpayment

20%

$68,380

Closing costs

1%

$3,419

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,448

Total Expenses

$2,932

Mortgage P&I

118%

$1,706

Property Taxes

28%

$405

Home Insurance

9%

$126

HOA

0%

$0

Property Management

15%

$217

CapEx

4%

$58

Vacancy

0%

$0

Maintenance

4%

$58

Other

25%

$362

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