REI Lense

REI Lense

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$3,488 (target)

209 Patterson Ave, Syracuse, NY 13219

3 beds • 2 baths • 1436 sqft

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This property might be a fair Mid-Term investment with a projected 5.84% first-year return on $70,500 initial cash invested.

5.84%

Cash On Cash

8.41%

Cap Rate

1.38

DSCR

$3,488

Rent

$343

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,488 income − $3,145 expenses = $343 cash flow

Income$3,488Mortgage P&I$1,26936%Property Taxes$60017%Insurance$883%Management$41912%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38411%Cash Flow$343

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,488

Total Expenses

$3,145

Mortgage P&I

36%

$1,269

Property Taxes

17%

$600

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$419

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$384

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