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$2,565 (target)

3038 W 42nd St, Erie, PA 16506

3 beds • 2 baths • 1443 sqft

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This property looks like a bad Mid-Term investment with a projected -6.63% first-year return on $82,113 initial cash invested.

-6.63%

Cash On Cash

5.15%

Cap Rate

0.79

DSCR

$2,565

Rent

-$454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,565 income − $3,019 expenses = $454 out of pocket

Income$2,565Out of Pocket$454Mortgage P&I$1,66165%Property Taxes$37515%Insurance$1104%Management$30812%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28211%

Investment Breakdown

|

Purchase Price

$305k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,113

Downpayment

20%

$61,060

Closing costs

1%

$3,053

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,565

Total Expenses

$3,019

Mortgage P&I

65%

$1,661

Property Taxes

15%

$375

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$282

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