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242 Wellington Ave, Buffalo, NY 14223

3 beds • 2 baths • 1287 sqft

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This property looks like a bad Long-Term investment with a projected -2.6% first-year return on $48,090 initial cash invested.

-2.6%

Cash On Cash

6.08%

Cap Rate

1

DSCR

$2,140

Rent

-$104

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,090

Downpayment

20%

$45,800

Closing costs

1%

$2,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,140

Total Expenses

$2,244

Mortgage P&I

54%

$1,158

Property Taxes

21%

$450

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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Comparable Property

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Beds

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SQFT

Distance

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3

2

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0.1 mi

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1.3 mi

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2

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0.9 mi

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$2,850

5

4

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0.6 mi

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2

1

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0.9 mi

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$2,850

5

4

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0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

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$2,850

5

4

3030

0.6 mi

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