REI Lense

REI Lense

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$2,249 (target)

115 E 1st St, Corning, NY 14830

3 beds • 2 baths • 2917 sqft

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This property looks like a bad Long-Term investment with a projected -4.84% first-year return on $50,799 initial cash invested.

-4.84%

Cash On Cash

5.63%

Cap Rate

0.92

DSCR

$2,249

Rent

-$205

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,249 income − $2,454 expenses = $205 out of pocket

Income$2,249Out of Pocket$205Mortgage P&I$1,22855%Property Taxes$57726%Insurance$653%Management$22510%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$242k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,799

Downpayment

20%

$48,380

Closing costs

1%

$2,419

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,249

Total Expenses

$2,454

Mortgage P&I

55%

$1,228

Property Taxes

26%

$577

Home Insurance

3%

$65

HOA

0%

$0

Property Management

10%

$225

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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