REI Lense

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$2,696 (target)

1664 Skyline Dr, Erie, PA 16509

3 beds • 2 baths • 2110 sqft

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This property looks like a bad Mid-Term investment with a projected -1.74% first-year return on $73,839 initial cash invested.

-1.74%

Cash On Cash

6.03%

Cap Rate

1

DSCR

$2,696

Rent

-$107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,696 income − $2,803 expenses = $107 out of pocket

Income$2,696Out of Pocket$107Mortgage P&I$1,33550%Property Taxes$44617%Insurance$1044%Management$32412%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29711%

Investment Breakdown

|

Purchase Price

$266k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,839

Downpayment

20%

$53,180

Closing costs

1%

$2,659

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,696

Total Expenses

$2,803

Mortgage P&I

50%

$1,335

Property Taxes

17%

$446

Home Insurance

4%

$104

HOA

0%

$0

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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