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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 -17.14% first-year return on $117k initial cash invested.

-17.14%

Cash On Cash

1.99%

Cap Rate

0.33

DSCR

$2,895

Rent

-$1,667

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,895 income − $4,562 expenses = $1,667 out of pocket

Income$2,895Out of Pocket$1,667Mortgage P&I$2,33181%Property Taxes$68524%Insurance$1565%Management$43415%CapEx$1164%Maintenance$1164%Other$72425%

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

$2,895

Total Expenses

$4,562

Mortgage P&I

81%

$2,331

Property Taxes

24%

$685

Home Insurance

5%

$156

HOA

0%

$0

Property Management

15%

$434

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$724

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