REI Lense

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$3,350 (target)

212 N 6th St, Olean, NY 14760

3 beds • 3 baths • 1594 sqft

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This property could be a profitable Mid-Term investment with a projected 24.88% first-year return on $51,264 initial cash invested.

24.88%

Cash On Cash

15.16%

Cap Rate

2.49

DSCR

$3,350

Rent

$1,063

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,350 income − $2,287 expenses = $1,063 cash flow

Income$3,350Mortgage P&I$80424%Property Taxes$2688%Insurance$772%Management$40212%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36811%Cash Flow$1,063

Investment Breakdown

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Purchase Price

$158k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,264

Downpayment

20%

$31,680

Closing costs

1%

$1,584

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$3,350

Total Expenses

$2,287

Mortgage P&I

24%

$804

Property Taxes

8%

$268

Home Insurance

2%

$77

HOA

0%

$0

Property Management

12%

$402

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$368

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