REI Lense

REI Lense

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$1,896 (target)

24 Elmwood Avenue, Gloversville, NY 12078

3 beds • 2 baths • 1462 sqft

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This property could be a profitable Long-Term investment with a projected 14.68% first-year return on $25,578 initial cash invested.

14.68%

Cash On Cash

10.11%

Cap Rate

1.66

DSCR

$1,896

Rent

$313

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,896 income − $1,583 expenses = $313 cash flow

Income$1,896Mortgage P&I$61833%Property Taxes$42522%Insurance$462%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%Cash Flow$313

Investment Breakdown

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Purchase Price

$122k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$25,578

Downpayment

20%

$24,360

Closing costs

1%

$1,218

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,896

Total Expenses

$1,583

Mortgage P&I

33%

$618

Property Taxes

22%

$425

Home Insurance

2%

$46

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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