REI Lense

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$2,296 (target)

12 Michaele Ave, Plattsburgh, NY 12901

3 beds • 2 baths • sqft

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This property might be a fair Mid-Term investment with a projected 2.92% first-year return on $64,179 initial cash invested.

2.92%

Cash On Cash

7.5%

Cap Rate

1.22

DSCR

$2,296

Rent

$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,296 income − $2,140 expenses = $156 cash flow

Income$2,296Mortgage P&I$1,12649%Property Taxes$1557%Insurance$773%Management$27612%CapEx$924%Vacancy$693%Maintenance$924%Other$25311%Cash Flow$156

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,179

Downpayment

20%

$43,980

Closing costs

1%

$2,199

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,296

Total Expenses

$2,140

Mortgage P&I

49%

$1,126

Property Taxes

7%

$155

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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