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3932 Nancy Ave, Erie, PA 16510

3 beds • 2 baths • 1135 sqft

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This property looks like a bad Airbnb investment with a projected -5.78% first-year return on $63,150 initial cash invested.

-5.78%

Cash On Cash

5.57%

Cap Rate

0.83

DSCR

$2,470

Rent

-$304

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,470 income − $2,774 expenses = $304 out of pocket

Income$2,470Out of Pocket$304Mortgage P&I$1,20349%Property Taxes$31013%Insurance$753%Management$37015%CapEx$994%Maintenance$994%Other$61825%

Investment Breakdown

|

Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,150

Downpayment

20%

$43,000

Closing costs

1%

$2,150

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,470

Total Expenses

$2,774

Mortgage P&I

49%

$1,203

Property Taxes

13%

$310

Home Insurance

3%

$75

HOA

0%

$0

Property Management

15%

$370

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$618

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