REI Lense

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$2,222 (target)

16 Cherry St, Massena, NY 13662

3 beds • 2 baths • 0 sqft

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This property looks like a bad Mid-Term investment with a projected -1.59% first-year return on $60,567 initial cash invested.

-1.59%

Cash On Cash

6.35%

Cap Rate

1.01

DSCR

$2,222

Rent

-$80

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,222 income − $2,302 expenses = $80 out of pocket

Income$2,222Out of Pocket$80Mortgage P&I$1,06448%Property Taxes$40818%Insurance$743%Management$26712%CapEx$894%Vacancy$673%Maintenance$894%Other$24411%

Investment Breakdown

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Purchase Price

$203k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,567

Downpayment

20%

$40,540

Closing costs

1%

$2,027

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,222

Total Expenses

$2,302

Mortgage P&I

48%

$1,064

Property Taxes

18%

$408

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$267

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$244

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