REI Lense

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$3,308 (target)

2090 Parks Rd, Cortland, NY 13045

3 beds • 2 baths • 1406 sqft

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This property could be a profitable Mid-Term investment with a projected 10.7% first-year return on $66,531 initial cash invested.

10.7%

Cash On Cash

9.86%

Cap Rate

1.62

DSCR

$3,308

Rent

$593

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,308 income − $2,715 expenses = $593 cash flow

Income$3,308Mortgage P&I$1,17335%Property Taxes$33410%Insurance$843%Management$39712%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36411%Cash Flow$593

Investment Breakdown

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Purchase Price

$231k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,531

Downpayment

20%

$46,220

Closing costs

1%

$2,311

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,308

Total Expenses

$2,715

Mortgage P&I

35%

$1,173

Property Taxes

10%

$334

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$397

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$364

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