REI Lense

REI Lense

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$1,971 (target)

111 6th Avenue, Gloversville, NY 12078

3 beds • 2 baths • 1830 sqft

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This property looks like a bad Long-Term investment with a projected -4.03% first-year return on $49,686 initial cash invested.

-4.03%

Cash On Cash

5.75%

Cap Rate

0.94

DSCR

$1,971

Rent

-$167

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,971 income − $2,138 expenses = $167 out of pocket

Income$1,971Out of Pocket$167Mortgage P&I$1,20161%Property Taxes$34017%Insurance$844%Management$19710%CapEx$995%Vacancy$1186%Maintenance$995%

Investment Breakdown

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Purchase Price

$237k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,686

Downpayment

20%

$47,320

Closing costs

1%

$2,366

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,971

Total Expenses

$2,138

Mortgage P&I

61%

$1,201

Property Taxes

17%

$340

Home Insurance

4%

$84

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$99

Vacancy

6%

$118

Maintenance

5%

$99

Other

0%

$0

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