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$2,120 (target)

2074 Andover Ln, Erie, PA 16509

3 beds • 2 baths • 1408 sqft

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This property looks like a bad Mid-Term investment with a projected -8.33% first-year return on $78,480 initial cash invested.

-8.33%

Cash On Cash

4.52%

Cap Rate

0.7

DSCR

$2,120

Rent

-$545

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,120 income − $2,665 expenses = $545 out of pocket

Income$2,120Out of Pocket$545Mortgage P&I$1,54573%Property Taxes$29414%Insurance$1055%Management$25412%CapEx$854%Vacancy$643%Maintenance$854%Other$23311%

Investment Breakdown

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Purchase Price

$288k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,480

Downpayment

20%

$57,600

Closing costs

1%

$2,880

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,120

Total Expenses

$2,665

Mortgage P&I

73%

$1,545

Property Taxes

14%

$294

Home Insurance

5%

$105

HOA

0%

$0

Property Management

12%

$254

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$233

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