REI Lense

REI Lense

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$2,213 (target)

216 Prospect Ave, Reading, PA 19611

3 beds • 2 baths • 1689 sqft

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This property looks like a bad Long-Term investment with a projected -4.03% first-year return on $55,650 initial cash invested.

-4.03%

Cash On Cash

5.79%

Cap Rate

0.94

DSCR

$2,213

Rent

-$187

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,213 income − $2,400 expenses = $187 out of pocket

Income$2,213Out of Pocket$187Mortgage P&I$1,35561%Property Taxes$37617%Insurance$934%Management$22110%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,213

Total Expenses

$2,400

Mortgage P&I

61%

$1,355

Property Taxes

17%

$376

Home Insurance

4%

$93

HOA

0%

$0

Property Management

10%

$221

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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