REI Lense

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$1,591 (target)

1029 W 30th St, Erie, PA 16508

3 beds • 2 baths • 1582 sqft

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This property looks like a bad Long-Term investment with a projected -3.75% first-year return on $38,094 initial cash invested.

-3.75%

Cash On Cash

6.15%

Cap Rate

0.96

DSCR

$1,591

Rent

-$119

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,591 income − $1,710 expenses = $119 out of pocket

Income$1,591Out of Pocket$119Mortgage P&I$96861%Property Taxes$26317%Insurance$654%Management$15910%CapEx$805%Vacancy$956%Maintenance$805%

Investment Breakdown

|

Purchase Price

$181k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,094

Downpayment

20%

$36,280

Closing costs

1%

$1,814

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,591

Total Expenses

$1,710

Mortgage P&I

61%

$968

Property Taxes

17%

$263

Home Insurance

4%

$65

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$80

Vacancy

6%

$95

Maintenance

5%

$80

Other

0%

$0

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