REI Lense

REI Lense

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$2,647 (target)

274 Fareway Ln, Grand Island, NY 14072

3 beds • 2 baths • 1680 sqft

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This property looks like a bad Long-Term investment with a projected -5.16% first-year return on $67,725 initial cash invested.

-5.16%

Cash On Cash

5.3%

Cap Rate

0.9

DSCR

$2,647

Rent

-$291

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,647 income − $2,938 expenses = $291 out of pocket

Income$2,647Out of Pocket$291Mortgage P&I$1,58360%Property Taxes$56221%Insurance$1054%Management$26510%CapEx$1325%Vacancy$1596%Maintenance$1325%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,725

Downpayment

20%

$64,500

Closing costs

1%

$3,225

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,647

Total Expenses

$2,938

Mortgage P&I

60%

$1,583

Property Taxes

21%

$562

Home Insurance

4%

$105

HOA

0%

$0

Property Management

10%

$265

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

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