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780 Diamond Point Road, Lake George, NY 12845

3 beds • 2 baths • 1584 sqft

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This property looks like a bad Airbnb investment with a projected -12.25% first-year return on $102k initial cash invested.

-12.25%

Cash On Cash

3.3%

Cap Rate

0.54

DSCR

$2,509

Rent

-$1,041

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,509 income − $3,550 expenses = $1,041 out of pocket

Income$2,509Out of Pocket$1,041Mortgage P&I$2,04181%Property Taxes$1667%Insurance$1406%Management$37615%CapEx$1004%Maintenance$1004%Other$62725%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,509

Total Expenses

$3,550

Mortgage P&I

81%

$2,041

Property Taxes

7%

$166

Home Insurance

6%

$140

HOA

0%

$0

Property Management

15%

$376

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$627

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