REI Lense

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$2,517 (target)

15 Rickerson Pond Rd, Saranac Lake, NY 12983

3 beds • 2 baths • 1560 sqft

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This property looks like a bad Long-Term investment with a projected -8.17% first-year return on $79,317 initial cash invested.

-8.17%

Cash On Cash

5%

Cap Rate

0.79

DSCR

$2,517

Rent

-$540

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,517 income − $3,057 expenses = $540 out of pocket

Income$2,517Out of Pocket$540Mortgage P&I$1,98779%Property Taxes$27911%Insurance$1365%Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

|

Purchase Price

$378k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,317

Downpayment

20%

$75,540

Closing costs

1%

$3,777

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,517

Total Expenses

$3,057

Mortgage P&I

79%

$1,987

Property Taxes

11%

$279

Home Insurance

5%

$136

HOA

0%

$0

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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