REI Lense

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$3,374 (target)

115 E 1st St, Corning, NY 14830

3 beds • 2 baths • 2917 sqft

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This property might be a fair Mid-Term investment with a projected 6.23% first-year return on $68,799 initial cash invested.

6.23%

Cash On Cash

8.53%

Cap Rate

1.4

DSCR

$3,374

Rent

$357

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,374 income − $3,017 expenses = $357 cash flow

Income$3,374Mortgage P&I$1,22836%Property Taxes$57717%Insurance$652%Management$40512%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37111%Cash Flow$357

Investment Breakdown

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Purchase Price

$242k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,799

Downpayment

20%

$48,380

Closing costs

1%

$2,419

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,374

Total Expenses

$3,017

Mortgage P&I

36%

$1,228

Property Taxes

17%

$577

Home Insurance

2%

$65

HOA

0%

$0

Property Management

12%

$405

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$371

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