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38 Milner Avenue, Albany, NY 12203

3 beds • 2 baths • 1990 sqft

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This property looks like a bad Airbnb investment with a projected -11.69% first-year return on $101k initial cash invested.

-11.69%

Cash On Cash

3.53%

Cap Rate

0.58

DSCR

$3,518

Rent

-$984

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,518 income − $4,502 expenses = $984 out of pocket

Income$3,518Out of Pocket$984Mortgage P&I$2,00557%Property Taxes$67219%Insurance$1354%Management$52815%CapEx$1414%Maintenance$1414%Other$88025%

Investment Breakdown

|

Purchase Price

$395k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,080

Closing costs

1%

$3,954

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,518

Total Expenses

$4,502

Mortgage P&I

57%

$2,005

Property Taxes

19%

$672

Home Insurance

4%

$135

HOA

0%

$0

Property Management

15%

$528

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$880

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