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$2,844 (target)

24 Elmwood Avenue, Gloversville, NY 12078

3 beds • 2 baths • 1462 sqft

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This property could be a profitable Mid-Term investment with a projected 21.7% first-year return on $43,578 initial cash invested.

21.7%

Cash On Cash

14.98%

Cap Rate

2.46

DSCR

$2,844

Rent

$788

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,844 income − $2,056 expenses = $788 cash flow

Income$2,844Mortgage P&I$61822%Property Taxes$42515%Insurance$462%Management$34112%CapEx$1144%Vacancy$853%Maintenance$1144%Other$31311%Cash Flow$788

Investment Breakdown

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Purchase Price

$122k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,578

Downpayment

20%

$24,360

Closing costs

1%

$1,218

Rehab

0%

$0

Furnishing

15%

$18,000

Cashflow

Total Income

$2,844

Total Expenses

$2,056

Mortgage P&I

22%

$618

Property Taxes

15%

$425

Home Insurance

2%

$46

HOA

0%

$0

Property Management

12%

$341

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$313

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