REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$1,848 (target)

3081 Morehouse Rd, Erie, PA 16509

3 beds • 2 baths • 1516 sqft

Email

This property looks like a bad Long-Term investment with a projected -11.36% first-year return on $62,034 initial cash invested.

-11.36%

Cash On Cash

4.15%

Cap Rate

0.67

DSCR

$1,848

Rent

-$587

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,848 income − $2,435 expenses = $587 out of pocket

Income$1,848Out of Pocket$587Mortgage P&I$1,51782%Property Taxes$33318%Insurance$1056%Management$18510%CapEx$925%Vacancy$1116%Maintenance$925%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,034

Downpayment

20%

$59,080

Closing costs

1%

$2,954

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,848

Total Expenses

$2,435

Mortgage P&I

82%

$1,517

Property Taxes

18%

$333

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$92

Vacancy

6%

$111

Maintenance

5%

$92

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis