REI Lense

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$2,890 (target)

116 Michaels Walk, Lancaster, NY 14086

3 beds • 2 baths • 1816 sqft

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This property looks like a bad Long-Term investment with a projected -12.66% first-year return on $90,636 initial cash invested.

-12.66%

Cash On Cash

4.21%

Cap Rate

0.65

DSCR

$2,890

Rent

-$956

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,890 income − $3,846 expenses = $956 out of pocket

Income$2,890Out of Pocket$956Mortgage P&I$2,32680%Property Taxes$63422%Insurance$1365%Management$28910%CapEx$1445%Vacancy$1736%Maintenance$1445%

Investment Breakdown

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Purchase Price

$432k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,636

Downpayment

20%

$86,320

Closing costs

1%

$4,316

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,890

Total Expenses

$3,846

Mortgage P&I

80%

$2,326

Property Taxes

22%

$634

Home Insurance

5%

$136

HOA

0%

$0

Property Management

10%

$289

CapEx

5%

$144

Vacancy

6%

$173

Maintenance

5%

$144

Other

0%

$0

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