REI Lense

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$1,854 (target)

1838 W 24th St, Erie, PA 16502

3 beds • 2 baths • 1434 sqft

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This property might be a fair Mid-Term investment with a projected 6.62% first-year return on $45,300 initial cash invested.

6.62%

Cash On Cash

9.58%

Cap Rate

1.45

DSCR

$1,854

Rent

$250

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,854 income − $1,604 expenses = $250 cash flow

Income$1,854Mortgage P&I$71439%Property Taxes$21412%Insurance$462%Management$22212%CapEx$744%Vacancy$563%Maintenance$744%Other$20411%Cash Flow$250

Investment Breakdown

|

Purchase Price

$130k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,300

Downpayment

20%

$26,000

Closing costs

1%

$1,300

Rehab

0%

$0

Furnishing

14%

$18,000

Cashflow

Total Income

$1,854

Total Expenses

$1,604

Mortgage P&I

39%

$714

Property Taxes

12%

$214

Home Insurance

2%

$46

HOA

0%

$0

Property Management

12%

$222

CapEx

4%

$74

Vacancy

3%

$56

Maintenance

4%

$74

Other

11%

$204

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