REI Lense

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$2,890 (target)

2750 Goff Rd, Corning, NY 14830

3 beds • 2 baths • 2458 sqft

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This property looks like a bad Mid-Term investment with a projected -8.81% first-year return on $88,812 initial cash invested.

-8.81%

Cash On Cash

4.33%

Cap Rate

0.69

DSCR

$2,890

Rent

-$652

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,890 income − $3,542 expenses = $652 out of pocket

Income$2,890Out of Pocket$652Mortgage P&I$1,75261%Property Taxes$68424%Insurance$1224%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%

Investment Breakdown

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Purchase Price

$337k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,812

Downpayment

20%

$67,440

Closing costs

1%

$3,372

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,890

Total Expenses

$3,542

Mortgage P&I

61%

$1,752

Property Taxes

24%

$684

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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