REI Lense

REI Lense

$7,221 (target)

1136 Fiddlers Elbow Road, Margaretville, NY 12455

3 beds • 3 baths • 2495 sqft

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This property might be a fair Mid-Term investment with a projected 5.1% first-year return on $147k initial cash invested.

5.1%

Cash On Cash

7.96%

Cap Rate

1.29

DSCR

$7,221

Rent

$625

Cashflow

Cash Flow

$7,221 income − $6,596 expenses = $625 cash flow

Income$7,221P&I$3,16044%Taxes$6709%Insurance$2053%HOA$1051%Mgmt$86712%CapEx$2894%Vacancy$2173%Maint.$2894%Other$79411%Cash Flow$625

Investment Breakdown

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Purchase Price

$615k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$123k

Closing costs

1%

$6,145

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$7,221

Total Expenses

$6,596

Mortgage P&I

44%

$3,160

Property Taxes

9%

$670

Home Insurance

3%

$205

HOA

1%

$105

Property Management

12%

$867

CapEx

4%

$289

Vacancy

3%

$217

Maintenance

4%

$289

Other

11%

$794

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