REI Lense

REI Lense

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$2,353 (target)

242 Burdick Road, Gloversville, NY 12078

3 beds • 2 baths • 2112 sqft

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This property looks like a bad Long-Term investment with a projected -9.35% first-year return on $70,476 initial cash invested.

-9.35%

Cash On Cash

4.64%

Cap Rate

0.75

DSCR

$2,353

Rent

-$549

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,353 income − $2,902 expenses = $549 out of pocket

Income$2,353Out of Pocket$549Mortgage P&I$1,72873%Property Taxes$44319%Insurance$1195%Management$23510%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

|

Purchase Price

$336k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,476

Downpayment

20%

$67,120

Closing costs

1%

$3,356

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,353

Total Expenses

$2,902

Mortgage P&I

73%

$1,728

Property Taxes

19%

$443

Home Insurance

5%

$119

HOA

0%

$0

Property Management

10%

$235

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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