REI Lense

REI Lense

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$2,121 (target)

207 Pearl St, Corning, NY 14830

3 beds • 2 baths • 1620 sqft

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This property could be a profitable Long-Term investment with a projected 23.15% first-year return on $26,544 initial cash invested.

23.15%

Cash On Cash

11.96%

Cap Rate

1.96

DSCR

$2,121

Rent

$512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,121 income − $1,609 expenses = $512 cash flow

Income$2,121Mortgage P&I$64230%Property Taxes$37017%Insurance$462%Management$21210%CapEx$1065%Vacancy$1276%Maintenance$1065%Cash Flow$512

Investment Breakdown

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Purchase Price

$126k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$26,544

Downpayment

20%

$25,280

Closing costs

1%

$1,264

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,121

Total Expenses

$1,609

Mortgage P&I

30%

$642

Property Taxes

17%

$370

Home Insurance

2%

$46

HOA

0%

$0

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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