REI Lense

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$1,943 (target)

2258 Saint Andrew Dr, Erie, PA 16509

3 beds • 2 baths • 2132 sqft

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This property looks like a bad Long-Term investment with a projected -6.88% first-year return on $52,479 initial cash invested.

-6.88%

Cash On Cash

5.37%

Cap Rate

0.85

DSCR

$1,943

Rent

-$301

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,943 income − $2,244 expenses = $301 out of pocket

Income$1,943Out of Pocket$301Mortgage P&I$1,32268%Property Taxes$32917%Insurance$885%Management$19410%CapEx$975%Vacancy$1176%Maintenance$975%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,943

Total Expenses

$2,244

Mortgage P&I

68%

$1,322

Property Taxes

17%

$329

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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