REI Lense

REI Lense

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$1,456 (target)

2806 Melrose Ave, Erie, PA 16508

3 beds • 2 baths • 1134 sqft

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This property looks like a bad Long-Term investment with a projected -8.17% first-year return on $39,081 initial cash invested.

-8.17%

Cash On Cash

5.1%

Cap Rate

0.8

DSCR

$1,456

Rent

-$266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,456 income − $1,722 expenses = $266 out of pocket

Income$1,456Out of Pocket$266Mortgage P&I$98468%Property Taxes$29320%Insurance$665%Management$14610%CapEx$735%Vacancy$876%Maintenance$735%

Investment Breakdown

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Purchase Price

$186k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,081

Downpayment

20%

$37,220

Closing costs

1%

$1,861

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,456

Total Expenses

$1,722

Mortgage P&I

68%

$984

Property Taxes

20%

$293

Home Insurance

5%

$66

HOA

0%

$0

Property Management

10%

$146

CapEx

5%

$73

Vacancy

6%

$87

Maintenance

5%

$73

Other

0%

$0

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