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850 Harris Rd, Corning, NY 14830

3 beds • 3 baths • 2512 sqft

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This property looks like a bad Airbnb investment with a projected -15.3% first-year return on $89,190 initial cash invested.

-15.3%

Cash On Cash

2.19%

Cap Rate

0.37

DSCR

$2,094

Rent

-$1,137

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,094 income − $3,231 expenses = $1,137 out of pocket

Income$2,094Out of Pocket$1,137Mortgage P&I$1,67380%Property Taxes$43321%Insurance$1196%Management$31415%CapEx$844%Maintenance$844%Other$52425%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,190

Downpayment

20%

$67,800

Closing costs

1%

$3,390

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,094

Total Expenses

$3,231

Mortgage P&I

80%

$1,673

Property Taxes

21%

$433

Home Insurance

6%

$119

HOA

0%

$0

Property Management

15%

$314

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$524

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