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2289 Bernwood Dr, Erie, PA 16510

4 beds • 2 baths • 1708 sqft

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This property looks like a bad Long-Term investment with a projected -17.63% first-year return on $65,058 initial cash invested.

-17.63%

Cash On Cash

2.42%

Cap Rate

0.41

DSCR

$1,410

Rent

-$956

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,058

Downpayment

20%

$61,960

Closing costs

1%

$3,098

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,410

Total Expenses

$2,366

Mortgage P&I

107%

$1,511

Property Taxes

27%

$377

Home Insurance

8%

$112

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$70

Vacancy

6%

$85

Maintenance

5%

$70

Other

0%

$0

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$2,850

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