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5644 Lake Pleasant Rd, Erie, PA 16509

3 beds • 2 baths • 1932 sqft

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This property looks like a bad Airbnb investment with a projected -16.83% first-year return on $84,150 initial cash invested.

-16.83%

Cash On Cash

2.4%

Cap Rate

0.37

DSCR

$2,148

Rent

-$1,180

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,148 income − $3,328 expenses = $1,180 out of pocket

Income$2,148Out of Pocket$1,180Mortgage P&I$1,72580%Property Taxes$46222%Insurance$1105%Management$32215%CapEx$864%Maintenance$864%Other$53725%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,148

Total Expenses

$3,328

Mortgage P&I

80%

$1,725

Property Taxes

22%

$462

Home Insurance

5%

$110

HOA

0%

$0

Property Management

15%

$322

CapEx

4%

$86

Vacancy

0%

$0

Maintenance

4%

$86

Other

25%

$537

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