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83 Michaels Walk, Lancaster, NY 14086

3 beds • 2 baths • 1694 sqft

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This property looks like a bad Airbnb investment with a projected -17.04% first-year return on $117k initial cash invested.

-17.04%

Cash On Cash

2.02%

Cap Rate

0.34

DSCR

$2,913

Rent

-$1,658

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,913 income − $4,571 expenses = $1,658 out of pocket

Income$2,913Out of Pocket$1,658Mortgage P&I$2,33180%Property Taxes$68524%Insurance$1565%Management$43715%CapEx$1174%Maintenance$1174%Other$72825%

Investment Breakdown

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Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,040

Closing costs

1%

$4,702

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,913

Total Expenses

$4,571

Mortgage P&I

80%

$2,331

Property Taxes

24%

$685

Home Insurance

5%

$156

HOA

0%

$0

Property Management

15%

$437

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$728

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