REI Lense

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$2,660 (target)

22 Newgate Rd, Amherst, NY 14226

3 beds • 2 baths • 1642 sqft

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This property looks like a bad Long-Term investment with a projected -5.26% first-year return on $74,760 initial cash invested.

-5.26%

Cash On Cash

5.16%

Cap Rate

0.89

DSCR

$2,660

Rent

-$328

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,660 income − $2,988 expenses = $328 out of pocket

Income$2,660Out of Pocket$328Mortgage P&I$1,72665%Property Taxes$45217%Insurance$1184%Management$26610%CapEx$1335%Vacancy$1606%Maintenance$1335%

Investment Breakdown

|

Purchase Price

$356k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,760

Downpayment

20%

$71,200

Closing costs

1%

$3,560

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,660

Total Expenses

$2,988

Mortgage P&I

65%

$1,726

Property Taxes

17%

$452

Home Insurance

4%

$118

HOA

0%

$0

Property Management

10%

$266

CapEx

5%

$133

Vacancy

6%

$160

Maintenance

5%

$133

Other

0%

$0

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