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443 Surrey Dr, Cortland, NY 13045

3 beds • 3 baths • 2388 sqft

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This property looks like a bad Airbnb investment with a projected -24.93% first-year return on $97,716 initial cash invested.

-24.93%

Cash On Cash

-0.27%

Cap Rate

-0.05

DSCR

$1,958

Rent

-$2,030

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,958 income − $3,988 expenses = $2,030 out of pocket

Income$1,958Out of Pocket$2,030Mortgage P&I$1,86695%Property Taxes$1,04253%Insurance$1407%Management$29415%CapEx$784%Maintenance$784%Other$49025%

Investment Breakdown

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Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,716

Downpayment

20%

$75,920

Closing costs

1%

$3,796

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,958

Total Expenses

$3,988

Mortgage P&I

95%

$1,866

Property Taxes

53%

$1,042

Home Insurance

7%

$140

HOA

0%

$0

Property Management

15%

$294

CapEx

4%

$78

Vacancy

0%

$0

Maintenance

4%

$78

Other

25%

$490

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