REI Lense

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$3,970 (target)

15 Southern Drive, Latham, NY 12110

3 beds • 2 baths • 1461 sqft

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This property looks like a bad Mid-Term investment with a projected -3.09% first-year return on $120k initial cash invested.

-3.09%

Cash On Cash

5.58%

Cap Rate

0.94

DSCR

$3,970

Rent

-$309

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,970 income − $4,279 expenses = $309 out of pocket

Income$3,970Out of Pocket$309Mortgage P&I$2,40861%Property Taxes$3499%Insurance$1724%Management$47612%CapEx$1594%Vacancy$1193%Maintenance$1594%Other$43711%

Investment Breakdown

|

Purchase Price

$486k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,120

Closing costs

1%

$4,856

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,970

Total Expenses

$4,279

Mortgage P&I

61%

$2,408

Property Taxes

9%

$349

Home Insurance

4%

$172

HOA

0%

$0

Property Management

12%

$476

CapEx

4%

$159

Vacancy

3%

$119

Maintenance

4%

$159

Other

11%

$437

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