REI Lense

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$2,205 (target)

2090 Parks Rd, Cortland, NY 13045

3 beds • 2 baths • 1406 sqft

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This property might be a fair Long-Term investment with a projected 1.04% first-year return on $48,531 initial cash invested.

1.04%

Cash On Cash

6.88%

Cap Rate

1.13

DSCR

$2,205

Rent

$42

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,205 income − $2,163 expenses = $42 cash flow

Income$2,205Mortgage P&I$1,17353%Property Taxes$33415%Insurance$844%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%Cash Flow$42

Investment Breakdown

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Purchase Price

$231k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,531

Downpayment

20%

$46,220

Closing costs

1%

$2,311

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,205

Total Expenses

$2,163

Mortgage P&I

53%

$1,173

Property Taxes

15%

$334

Home Insurance

4%

$84

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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