REI Lense

REI Lense

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$2,225 (target)

26 Panama Ln, Cheektowaga, NY 14225

3 beds • 2 baths • 1576 sqft

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This property looks like a bad Long-Term investment with a projected -8.64% first-year return on $61,950 initial cash invested.

-8.64%

Cash On Cash

4.93%

Cap Rate

0.78

DSCR

$2,225

Rent

-$446

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,225 income − $2,671 expenses = $446 out of pocket

Income$2,225Out of Pocket$446Mortgage P&I$1,54669%Property Taxes$44420%Insurance$1035%Management$22210%CapEx$1115%Vacancy$1346%Maintenance$1115%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,225

Total Expenses

$2,671

Mortgage P&I

69%

$1,546

Property Taxes

20%

$444

Home Insurance

5%

$103

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$134

Maintenance

5%

$111

Other

0%

$0

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