REI Lense

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$2,885 (target)

231 Summit Avenue, Rensselaer, NY 12144

3 beds • 3 baths • 1460 sqft

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This property looks like a bad Long-Term investment with a projected -4.62% first-year return on $76,545 initial cash invested.

-4.62%

Cash On Cash

5.35%

Cap Rate

0.92

DSCR

$2,885

Rent

-$295

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,885 income − $3,180 expenses = $295 out of pocket

Income$2,885Out of Pocket$295Mortgage P&I$1,77762%Property Taxes$52518%Insurance$1294%Management$28810%CapEx$1445%Vacancy$1736%Maintenance$1445%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,545

Downpayment

20%

$72,900

Closing costs

1%

$3,645

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,885

Total Expenses

$3,180

Mortgage P&I

62%

$1,777

Property Taxes

18%

$525

Home Insurance

4%

$129

HOA

0%

$0

Property Management

10%

$288

CapEx

5%

$144

Vacancy

6%

$173

Maintenance

5%

$144

Other

0%

$0

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