REI Lense

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$2,484 (target)

1508 Birch St, Reading, PA 19604

3 beds • 2 baths • 1470 sqft

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This property might be a fair Mid-Term investment with a projected 2.96% first-year return on $62,856 initial cash invested.

2.96%

Cash On Cash

8.06%

Cap Rate

1.22

DSCR

$2,484

Rent

$155

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,484 income − $2,329 expenses = $155 cash flow

Income$2,484Mortgage P&I$1,18048%Property Taxes$2359%Insurance$703%Management$29812%CapEx$994%Vacancy$753%Maintenance$994%Other$27311%Cash Flow$155

Investment Breakdown

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Purchase Price

$214k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,856

Downpayment

20%

$42,720

Closing costs

1%

$2,136

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,484

Total Expenses

$2,329

Mortgage P&I

48%

$1,180

Property Taxes

9%

$235

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$298

CapEx

4%

$99

Vacancy

3%

$75

Maintenance

4%

$99

Other

11%

$273

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