REI Lense

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$3,216 (target)

17 Colvin Ave, Buffalo, NY 14216

3 beds • 2 baths • 1604 sqft

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This property might be a fair Mid-Term investment with a projected 2.13% first-year return on $85,179 initial cash invested.

2.13%

Cash On Cash

6.88%

Cap Rate

1.18

DSCR

$3,216

Rent

$151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,216 income − $3,065 expenses = $151 cash flow

Income$3,216Mortgage P&I$1,55548%Property Taxes$3049%Insurance$1123%Management$38612%CapEx$1294%Vacancy$963%Maintenance$1294%Other$35411%Cash Flow$151

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,216

Total Expenses

$3,065

Mortgage P&I

48%

$1,555

Property Taxes

9%

$304

Home Insurance

3%

$112

HOA

0%

$0

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$96

Maintenance

4%

$129

Other

11%

$354

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