REI Lense

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$4,857 (target)

29 Ironwood Way, Saranac Lake, NY 12983

3 beds • 3 baths • 2368 sqft

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This property looks like a bad Mid-Term investment with a projected -0.94% first-year return on $121k initial cash invested.

-0.94%

Cash On Cash

6.4%

Cap Rate

1.04

DSCR

$4,857

Rent

-$95

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,857 income − $4,952 expenses = $95 out of pocket

Income$4,857Out of Pocket$95Mortgage P&I$2,52152%Property Taxes$60512%Insurance$1754%Management$58312%CapEx$1944%Vacancy$1463%Maintenance$1944%Other$53411%

Investment Breakdown

|

Purchase Price

$492k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,300

Closing costs

1%

$4,915

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,857

Total Expenses

$4,952

Mortgage P&I

52%

$2,521

Property Taxes

12%

$605

Home Insurance

4%

$175

HOA

0%

$0

Property Management

12%

$583

CapEx

4%

$194

Vacancy

3%

$146

Maintenance

4%

$194

Other

11%

$534

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