REI Lense

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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 -10.5% first-year return on $78,396 initial cash invested.

-10.5%

Cash On Cash

3.35%

Cap Rate

0.58

DSCR

$2,356

Rent

-$686

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$2,356

Total Expenses

$3,042

Mortgage P&I

59%

$1,394

Property Taxes

18%

$416

Home Insurance

4%

$102

HOA

0%

$0

Property Management

15%

$353

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$589

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