REI Lense

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$2,184 (target)

2806 Melrose Ave, Erie, PA 16508

3 beds • 2 baths • 1134 sqft

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This property might be a fair Mid-Term investment with a projected 2.08% first-year return on $57,081 initial cash invested.

2.08%

Cash On Cash

7.54%

Cap Rate

1.19

DSCR

$2,184

Rent

$99

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,184 income − $2,085 expenses = $99 cash flow

Income$2,184Mortgage P&I$98445%Property Taxes$29313%Insurance$663%Management$26212%CapEx$874%Vacancy$663%Maintenance$874%Other$24011%Cash Flow$99

Investment Breakdown

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Purchase Price

$186k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,081

Downpayment

20%

$37,220

Closing costs

1%

$1,861

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,184

Total Expenses

$2,085

Mortgage P&I

45%

$984

Property Taxes

13%

$293

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$262

CapEx

4%

$87

Vacancy

3%

$66

Maintenance

4%

$87

Other

11%

$240

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