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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 -10.76% first-year return on $53,175 initial cash invested.

-10.76%

Cash On Cash

3%

Cap Rate

0.5

DSCR

$1,655

Rent

-$477

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,655 income − $2,132 expenses = $477 out of pocket

Income$1,655Out of Pocket$477Mortgage P&I$83050%Property Taxes$44827%Insurance$604%Management$24815%CapEx$664%Maintenance$664%Other$41425%

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

$1,655

Total Expenses

$2,132

Mortgage P&I

50%

$830

Property Taxes

27%

$448

Home Insurance

4%

$60

HOA

0%

$0

Property Management

15%

$248

CapEx

4%

$66

Vacancy

0%

$0

Maintenance

4%

$66

Other

25%

$414

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