REI Lense

REI Lense

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$2,233 (target)

212 N 6th St, Olean, NY 14760

3 beds • 3 baths • 1594 sqft

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This property could be a profitable Long-Term investment with a projected 18.15% first-year return on $33,264 initial cash invested.

18.15%

Cash On Cash

10.75%

Cap Rate

1.76

DSCR

$2,233

Rent

$503

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,233 income − $1,730 expenses = $503 cash flow

Income$2,233Mortgage P&I$80436%Property Taxes$26812%Insurance$773%Management$22310%CapEx$1125%Vacancy$1346%Maintenance$1125%Cash Flow$503

Investment Breakdown

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Purchase Price

$158k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,264

Downpayment

20%

$31,680

Closing costs

1%

$1,584

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,233

Total Expenses

$1,730

Mortgage P&I

36%

$804

Property Taxes

12%

$268

Home Insurance

3%

$77

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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