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4110 Mormon Hollow Rd, Corning, NY 14830

3 beds • 2 baths • 968 sqft

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This property looks like a bad Airbnb investment with a projected -6.19% first-year return on $71,340 initial cash invested.

-6.19%

Cash On Cash

4.66%

Cap Rate

0.8

DSCR

$2,916

Rent

-$368

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$254k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,340

Downpayment

20%

$50,800

Closing costs

1%

$2,540

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,916

Total Expenses

$3,284

Mortgage P&I

42%

$1,238

Property Taxes

19%

$541

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$437

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$729

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