REI Lense

REI Lense

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$1,797 (target)

1664 Skyline Dr, Erie, PA 16509

3 beds • 2 baths • 2110 sqft

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This property looks like a bad Long-Term investment with a projected -11.95% first-year return on $55,839 initial cash invested.

-11.95%

Cash On Cash

3.92%

Cap Rate

0.65

DSCR

$1,797

Rent

-$556

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,797 income − $2,353 expenses = $556 out of pocket

Income$1,797Out of Pocket$556Mortgage P&I$1,33574%Property Taxes$44625%Insurance$1046%Management$18010%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

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Purchase Price

$266k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,839

Downpayment

20%

$53,180

Closing costs

1%

$2,659

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,797

Total Expenses

$2,353

Mortgage P&I

74%

$1,335

Property Taxes

25%

$446

Home Insurance

6%

$104

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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