REI Lense

REI Lense

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$3,516 (target)

24 Louisiana Ave, Plattsburgh, NY 12903

3 beds • 2 baths • 1428 sqft

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This property looks like a bad Mid-Term investment with a projected -2.82% first-year return on $91,059 initial cash invested.

-2.82%

Cash On Cash

5.62%

Cap Rate

0.96

DSCR

$3,516

Rent

-$214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,516 income − $3,730 expenses = $214 out of pocket

Income$3,516Out of Pocket$214Mortgage P&I$1,70348%Property Taxes$70520%Insurance$1264%Management$42212%CapEx$1414%Vacancy$1053%Maintenance$1414%Other$38711%

Investment Breakdown

|

Purchase Price

$348k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,059

Downpayment

20%

$69,580

Closing costs

1%

$3,479

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,516

Total Expenses

$3,730

Mortgage P&I

48%

$1,703

Property Taxes

20%

$705

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$422

CapEx

4%

$141

Vacancy

3%

$105

Maintenance

4%

$141

Other

11%

$387

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