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$2,590 (target)

199 Tompkins St, Cortland, NY 13045

3 beds • 2 baths • 1632 sqft

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This property could be a profitable Long-Term investment with a projected 11.9% first-year return on $39,543 initial cash invested.

11.9%

Cash On Cash

9.55%

Cap Rate

1.53

DSCR

$2,590

Rent

$392

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,590 income − $2,198 expenses = $392 cash flow

Income$2,590Mortgage P&I$97738%Property Taxes$47918%Insurance$683%Management$25910%CapEx$1305%Vacancy$1556%Maintenance$1305%Cash Flow$392

Investment Breakdown

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Purchase Price

$188k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,543

Downpayment

20%

$37,660

Closing costs

1%

$1,883

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,590

Total Expenses

$2,198

Mortgage P&I

38%

$977

Property Taxes

18%

$479

Home Insurance

3%

$68

HOA

0%

$0

Property Management

10%

$259

CapEx

5%

$130

Vacancy

6%

$155

Maintenance

5%

$130

Other

0%

$0

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