REI Lense

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$2,914 (target)

2258 Saint Andrew Dr, Erie, PA 16509

3 beds • 2 baths • 2132 sqft

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This property might be a fair Mid-Term investment with a projected 3.12% first-year return on $70,479 initial cash invested.

3.12%

Cash On Cash

7.79%

Cap Rate

1.23

DSCR

$2,914

Rent

$183

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,914 income − $2,731 expenses = $183 cash flow

Income$2,914Mortgage P&I$1,32245%Property Taxes$32911%Insurance$883%Management$35012%CapEx$1174%Vacancy$873%Maintenance$1174%Other$32111%Cash Flow$183

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,914

Total Expenses

$2,731

Mortgage P&I

45%

$1,322

Property Taxes

11%

$329

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$350

CapEx

4%

$117

Vacancy

3%

$87

Maintenance

4%

$117

Other

11%

$321

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