REI Lense

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$3,024 (target)

113 Belmont Ave, Norristown, PA 19403

3 beds • 2 baths • 2129 sqft

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This property looks like a bad Long-Term investment with a projected -8.51% first-year return on $97,314 initial cash invested.

-8.51%

Cash On Cash

4.47%

Cap Rate

0.76

DSCR

$3,024

Rent

-$690

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,024 income − $3,714 expenses = $690 out of pocket

Income$3,024Out of Pocket$690Mortgage P&I$2,26775%Property Taxes$50417%Insurance$1585%Management$30210%CapEx$1515%Vacancy$1816%Maintenance$1515%

Investment Breakdown

|

Purchase Price

$463k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,314

Downpayment

20%

$92,680

Closing costs

1%

$4,634

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,024

Total Expenses

$3,714

Mortgage P&I

75%

$2,267

Property Taxes

17%

$504

Home Insurance

5%

$158

HOA

0%

$0

Property Management

10%

$302

CapEx

5%

$151

Vacancy

6%

$181

Maintenance

5%

$151

Other

0%

$0

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