REI Lense

REI Lense

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$1,710 (target)

3038 W 42nd St, Erie, PA 16506

3 beds • 2 baths • 1443 sqft

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This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $64,113 initial cash invested.

-16.51%

Cash On Cash

3.4%

Cap Rate

0.52

DSCR

$1,710

Rent

-$882

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,710 income − $2,592 expenses = $882 out of pocket

Income$1,710Out of Pocket$882Mortgage P&I$1,66197%Property Taxes$37522%Insurance$1106%Management$17110%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,113

Downpayment

20%

$61,060

Closing costs

1%

$3,053

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,710

Total Expenses

$2,592

Mortgage P&I

97%

$1,661

Property Taxes

22%

$375

Home Insurance

6%

$110

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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