REI Lense

REI Lense

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$2,414 (target)

126 Reynolds Ave, Corning, NY 14830

3 beds • 2 baths • 1250 sqft

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This property might be a fair Mid-Term investment with a projected 7.59% first-year return on $48,387 initial cash invested.

7.59%

Cash On Cash

9.63%

Cap Rate

1.53

DSCR

$2,414

Rent

$306

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,414 income − $2,108 expenses = $306 cash flow

Income$2,414Mortgage P&I$75831%Property Taxes$46519%Insurance$633%Management$29012%CapEx$974%Vacancy$723%Maintenance$974%Other$26611%Cash Flow$306

Investment Breakdown

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Purchase Price

$145k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,387

Downpayment

20%

$28,940

Closing costs

1%

$1,447

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,414

Total Expenses

$2,108

Mortgage P&I

31%

$758

Property Taxes

19%

$465

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$290

CapEx

4%

$97

Vacancy

3%

$72

Maintenance

4%

$97

Other

11%

$266

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