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74 Park Street, Gloversville, NY 12078

3 beds • 2 baths • 1728 sqft

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This property looks like a bad Airbnb investment with a projected -10.9% first-year return on $55,590 initial cash invested.

-10.9%

Cash On Cash

2.95%

Cap Rate

0.5

DSCR

$1,457

Rent

-$505

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,457 income − $1,962 expenses = $505 out of pocket

Income$1,457Out of Pocket$505Mortgage P&I$88761%Property Taxes$31321%Insurance$634%Management$21915%CapEx$584%Maintenance$584%Other$36425%

Investment Breakdown

|

Purchase Price

$179k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,590

Downpayment

20%

$35,800

Closing costs

1%

$1,790

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,457

Total Expenses

$1,962

Mortgage P&I

61%

$887

Property Taxes

21%

$313

Home Insurance

4%

$63

HOA

0%

$0

Property Management

15%

$219

CapEx

4%

$58

Vacancy

0%

$0

Maintenance

4%

$58

Other

25%

$364

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