REI Lense

REI Lense

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$1,887 (target)

111 Taggerty Ave, Olean, NY 14760

3 beds • 2 baths • 1512 sqft

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This property looks like a bad Long-Term investment with a projected -14.1% first-year return on $60,018 initial cash invested.

-14.1%

Cash On Cash

3.41%

Cap Rate

0.57

DSCR

$1,887

Rent

-$705

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,887 income − $2,592 expenses = $705 out of pocket

Income$1,887Out of Pocket$705Mortgage P&I$1,42375%Property Taxes$57430%Insurance$1056%Management$18910%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$286k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,018

Downpayment

20%

$57,160

Closing costs

1%

$2,858

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,887

Total Expenses

$2,592

Mortgage P&I

75%

$1,423

Property Taxes

30%

$574

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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