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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 -20.14% first-year return on $89,799 initial cash invested.

-20.14%

Cash On Cash

0.89%

Cap Rate

0.15

DSCR

$1,403

Rent

-$1,507

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,403 income − $2,910 expenses = $1,507 out of pocket

Income$1,403Out of Pocket$1,507Mortgage P&I$1,706122%Property Taxes$40529%Insurance$1269%Management$21015%CapEx$564%Maintenance$564%Other$35125%

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

$1,403

Total Expenses

$2,910

Mortgage P&I

122%

$1,706

Property Taxes

29%

$405

Home Insurance

9%

$126

HOA

0%

$0

Property Management

15%

$210

CapEx

4%

$56

Vacancy

0%

$0

Maintenance

4%

$56

Other

25%

$351

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