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8 Michael Road, Fort Edward, NY 12828

3 beds • 2 baths • 1408 sqft

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This property looks like a bad Airbnb investment with a projected -11.71% first-year return on $94,188 initial cash invested.

-11.71%

Cash On Cash

3.51%

Cap Rate

0.57

DSCR

$2,811

Rent

-$919

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,811 income − $3,730 expenses = $919 out of pocket

Income$2,811Out of Pocket$919Mortgage P&I$1,86966%Property Taxes$39014%Insurance$1224%Management$42215%CapEx$1124%Maintenance$1124%Other$70325%

Investment Breakdown

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Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,188

Downpayment

20%

$72,560

Closing costs

1%

$3,628

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,811

Total Expenses

$3,730

Mortgage P&I

66%

$1,869

Property Taxes

14%

$390

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$422

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$703

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