REI Lense

REI Lense

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$2,714 (target)

2 Ritchie Place, Saratoga Springs, NY 12866

3 beds • 2 baths • 1272 sqft

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This property looks like a bad Long-Term investment with a projected -18.97% first-year return on $136k initial cash invested.

-18.97%

Cash On Cash

2.32%

Cap Rate

0.38

DSCR

$2,714

Rent

-$2,145

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,714 income − $4,859 expenses = $2,145 out of pocket

Income$2,714Out of Pocket$2,145Mortgage P&I$3,256120%Property Taxes$66424%Insurance$2339%Management$27110%CapEx$1365%Vacancy$1636%Maintenance$1365%

Investment Breakdown

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Purchase Price

$646k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$136k

Downpayment

20%

$129k

Closing costs

1%

$6,462

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,714

Total Expenses

$4,859

Mortgage P&I

120%

$3,256

Property Taxes

24%

$664

Home Insurance

9%

$233

HOA

0%

$0

Property Management

10%

$271

CapEx

5%

$136

Vacancy

6%

$163

Maintenance

5%

$136

Other

0%

$0

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