REI Lense

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$3,702 (target)

22 Forest Lake Dr, North Tonawanda, NY 14120

3 beds • 2 baths • 2112 sqft

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This property looks like a bad Mid-Term investment with a projected -6.24% first-year return on $108k initial cash invested.

-6.24%

Cash On Cash

4.75%

Cap Rate

0.8

DSCR

$3,702

Rent

-$563

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,702 income − $4,265 expenses = $563 out of pocket

Income$3,702Out of Pocket$563Mortgage P&I$2,11657%Property Taxes$51214%Insurance$1494%HOA$2306%Management$44412%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40711%

Investment Breakdown

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Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,920

Closing costs

1%

$4,296

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,702

Total Expenses

$4,265

Mortgage P&I

57%

$2,116

Property Taxes

14%

$512

Home Insurance

4%

$149

HOA

6%

$230

Property Management

12%

$444

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$407

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