REI Lense

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$2,272 (target)

3 Wallace Street, Scotia, NY 12302

3 beds • 2 baths • 1576 sqft

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This property looks like a bad Long-Term investment with a projected -5.11% first-year return on $53,298 initial cash invested.

-5.11%

Cash On Cash

5.56%

Cap Rate

0.91

DSCR

$2,272

Rent

-$227

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,272 income − $2,499 expenses = $227 out of pocket

Income$2,272Out of Pocket$227Mortgage P&I$1,28957%Property Taxes$53123%Insurance$884%Management$22710%CapEx$1145%Vacancy$1366%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$254k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,298

Downpayment

20%

$50,760

Closing costs

1%

$2,538

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,272

Total Expenses

$2,499

Mortgage P&I

57%

$1,289

Property Taxes

23%

$531

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$227

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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