REI Lense

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$2,229 (target)

108 N 21st St, Olean, NY 14760

3 beds • 2 baths • 1144 sqft

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This property could be a profitable Mid-Term investment with a projected 17.92% first-year return on $42,192 initial cash invested.

17.92%

Cash On Cash

13.58%

Cap Rate

2.23

DSCR

$2,229

Rent

$630

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,229 income − $1,599 expenses = $630 cash flow

Income$2,229Mortgage P&I$58526%Property Taxes$21510%Insurance$422%Management$26712%CapEx$894%Vacancy$673%Maintenance$894%Other$24511%Cash Flow$630

Investment Breakdown

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Purchase Price

$115k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,192

Downpayment

20%

$23,040

Closing costs

1%

$1,152

Rehab

0%

$0

Furnishing

16%

$18,000

Cashflow

Total Income

$2,229

Total Expenses

$1,599

Mortgage P&I

26%

$585

Property Taxes

10%

$215

Home Insurance

2%

$42

HOA

0%

$0

Property Management

12%

$267

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$245

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