REI Lense

REI Lense

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$2,223 (target)

283 Barbados Dr, Cheektowaga, NY 14227

3 beds • 2 baths • 1352 sqft

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This property looks like a bad Long-Term investment with a projected -7.74% first-year return on $66,213 initial cash invested.

-7.74%

Cash On Cash

4.77%

Cap Rate

0.8

DSCR

$2,223

Rent

-$427

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,223 income − $2,650 expenses = $427 out of pocket

Income$2,223Out of Pocket$427Mortgage P&I$1,57071%Property Taxes$39818%Insurance$1055%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,213

Downpayment

20%

$63,060

Closing costs

1%

$3,153

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,223

Total Expenses

$2,650

Mortgage P&I

71%

$1,570

Property Taxes

18%

$398

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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