REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$1,504 (target)

2418 Prospect Ave, Erie, PA 16510

3 beds • 2 baths • 1584 sqft

Email

This property looks like a bad Long-Term investment with a projected -7.19% first-year return on $41,034 initial cash invested.

-7.19%

Cash On Cash

5.47%

Cap Rate

0.84

DSCR

$1,504

Rent

-$246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,504 income − $1,750 expenses = $246 out of pocket

Income$1,504Out of Pocket$246Mortgage P&I$1,06171%Property Taxes$22915%Insurance$705%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$195k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,034

Downpayment

20%

$39,080

Closing costs

1%

$1,954

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,504

Total Expenses

$1,750

Mortgage P&I

71%

$1,061

Property Taxes

15%

$229

Home Insurance

5%

$70

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis