REI Lense

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$3,648 (target)

1502 Pasadena Dr, Erie, PA 16505

3 beds • 3 baths • 1908 sqft

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This property looks like a bad Mid-Term investment with a projected -1% first-year return on $98,472 initial cash invested.

-1%

Cash On Cash

6.23%

Cap Rate

1.03

DSCR

$3,648

Rent

-$82

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,648 income − $3,730 expenses = $82 out of pocket

Income$3,648Out of Pocket$82Mortgage P&I$1,92753%Property Taxes$42512%Insurance$1384%Management$43812%CapEx$1464%Vacancy$1093%Maintenance$1464%Other$40111%

Investment Breakdown

|

Purchase Price

$383k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,472

Downpayment

20%

$76,640

Closing costs

1%

$3,832

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,648

Total Expenses

$3,730

Mortgage P&I

53%

$1,927

Property Taxes

12%

$425

Home Insurance

4%

$138

HOA

0%

$0

Property Management

12%

$438

CapEx

4%

$146

Vacancy

3%

$109

Maintenance

4%

$146

Other

11%

$401

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