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56 Madison St, Cortland, NY 13045

3 beds • 2 baths • 1506 sqft

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This property looks like a bad Airbnb investment with a projected -5.28% first-year return on $53,175 initial cash invested.

-5.28%

Cash On Cash

4.88%

Cap Rate

0.82

DSCR

$2,122

Rent

-$234

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,122 income − $2,356 expenses = $234 out of pocket

Income$2,122Out of Pocket$234Mortgage P&I$83039%Property Taxes$44821%Insurance$603%Management$31815%CapEx$854%Maintenance$854%Other$53025%

Investment Breakdown

|

Purchase Price

$168k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,175

Downpayment

20%

$33,500

Closing costs

1%

$1,675

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,122

Total Expenses

$2,356

Mortgage P&I

39%

$830

Property Taxes

21%

$448

Home Insurance

3%

$60

HOA

0%

$0

Property Management

15%

$318

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$530

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