REI Lense

REI Lense

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$1,503 (target)

1042 Hayes St, Erie, PA 16504

3 beds • 2 baths • 1497 sqft

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This property looks like a bad Long-Term investment with a projected -8.03% first-year return on $37,968 initial cash invested.

-8.03%

Cash On Cash

5.4%

Cap Rate

0.82

DSCR

$1,503

Rent

-$254

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,503 income − $1,757 expenses = $254 out of pocket

Income$1,503Out of Pocket$254Mortgage P&I$99266%Property Taxes$31021%Insurance$654%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$181k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,968

Downpayment

20%

$36,160

Closing costs

1%

$1,808

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,503

Total Expenses

$1,757

Mortgage P&I

66%

$992

Property Taxes

21%

$310

Home Insurance

4%

$65

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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