REI Lense

REI Lense

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$3,203 (target)

187 Tompkins St, Cortland, NY 13045

3 beds • 2 baths • 1792 sqft

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This property could be a profitable Long-Term investment with a projected 30.94% first-year return on $37,506 initial cash invested.

30.94%

Cash On Cash

13.67%

Cap Rate

2.24

DSCR

$3,203

Rent

$967

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,203 income − $2,236 expenses = $967 cash flow

Income$3,203Mortgage P&I$90728%Property Taxes$43314%Insurance$642%Management$32010%CapEx$1605%Vacancy$1926%Maintenance$1605%Cash Flow$967

Investment Breakdown

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Purchase Price

$179k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,506

Downpayment

20%

$35,720

Closing costs

1%

$1,786

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,203

Total Expenses

$2,236

Mortgage P&I

28%

$907

Property Taxes

14%

$433

Home Insurance

2%

$64

HOA

0%

$0

Property Management

10%

$320

CapEx

5%

$160

Vacancy

6%

$192

Maintenance

5%

$160

Other

0%

$0

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