REI Lense

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$1,938 (target)

224 Belvedere Ave, Reading, PA 19611

3 beds • 2 baths • 1232 sqft

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This property looks like a bad Long-Term investment with a projected -10.02% first-year return on $62,853 initial cash invested.

-10.02%

Cash On Cash

4.45%

Cap Rate

0.72

DSCR

$1,938

Rent

-$525

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,938 income − $2,463 expenses = $525 out of pocket

Income$1,938Out of Pocket$525Mortgage P&I$1,53779%Property Taxes$32917%Insurance$935%Management$19410%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

|

Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,853

Downpayment

20%

$59,860

Closing costs

1%

$2,993

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,938

Total Expenses

$2,463

Mortgage P&I

79%

$1,537

Property Taxes

17%

$329

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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