REI Lense

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$1,714 (target)

2002 W State St, Olean, NY 14760

3 beds • 2 baths • 1850 sqft

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This property looks like a bad Mid-Term investment with a projected -3.19% first-year return on $56,829 initial cash invested.

-3.19%

Cash On Cash

5.56%

Cap Rate

0.91

DSCR

$1,714

Rent

-$151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,714 income − $1,865 expenses = $151 out of pocket

Income$1,714Out of Pocket$151Mortgage P&I$93955%Property Taxes$27716%Insurance$654%Management$20612%CapEx$694%Vacancy$513%Maintenance$694%Other$18911%

Investment Breakdown

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Purchase Price

$185k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,829

Downpayment

20%

$36,980

Closing costs

1%

$1,849

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,714

Total Expenses

$1,865

Mortgage P&I

55%

$939

Property Taxes

16%

$277

Home Insurance

4%

$65

HOA

0%

$0

Property Management

12%

$206

CapEx

4%

$69

Vacancy

3%

$51

Maintenance

4%

$69

Other

11%

$189

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