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3979 Ridgelea Dr, Lockport, NY 14094

3 beds • 2 baths • 1620 sqft

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This property looks like a bad Airbnb investment with a projected -11.02% first-year return on $78,396 initial cash invested.

-11.02%

Cash On Cash

3.2%

Cap Rate

0.55

DSCR

$2,294

Rent

-$720

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,294 income − $3,014 expenses = $720 out of pocket

Income$2,294Out of Pocket$720Mortgage P&I$1,39461%Property Taxes$41618%Insurance$1024%Management$34415%CapEx$924%Maintenance$924%Other$57425%

Investment Breakdown

|

Purchase Price

$288k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,396

Downpayment

20%

$57,520

Closing costs

1%

$2,876

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,294

Total Expenses

$3,014

Mortgage P&I

61%

$1,394

Property Taxes

18%

$416

Home Insurance

4%

$102

HOA

0%

$0

Property Management

15%

$344

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$574

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