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63 S Lake Avenue, Albany, NY 12203

3 beds • 3 baths • 1902 sqft

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This property looks like a bad Airbnb investment with a projected -10.58% first-year return on $107k initial cash invested.

-10.58%

Cash On Cash

3.59%

Cap Rate

0.62

DSCR

$3,930

Rent

-$946

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,930 income − $4,876 expenses = $946 out of pocket

Income$3,930Out of Pocket$946Mortgage P&I$2,06052%Property Taxes$78120%Insurance$1494%Management$59015%CapEx$1574%Maintenance$1574%Other$98225%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,930

Total Expenses

$4,876

Mortgage P&I

52%

$2,060

Property Taxes

20%

$781

Home Insurance

4%

$149

HOA

0%

$0

Property Management

15%

$590

CapEx

4%

$157

Vacancy

0%

$0

Maintenance

4%

$157

Other

25%

$982

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