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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 -23.82% first-year return on $97,716 initial cash invested.

-23.82%

Cash On Cash

0.03%

Cap Rate

0.01

DSCR

$2,130

Rent

-$1,940

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,130 income − $4,070 expenses = $1,940 out of pocket

Income$2,130Out of Pocket$1,940Mortgage P&I$1,86688%Property Taxes$1,04249%Insurance$1407%Management$32015%CapEx$854%Maintenance$854%Other$53225%

Investment Breakdown

|

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

$2,130

Total Expenses

$4,070

Mortgage P&I

88%

$1,866

Property Taxes

49%

$1,042

Home Insurance

7%

$140

HOA

0%

$0

Property Management

15%

$320

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$532

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