REI Lense

REI Lense

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$2,951 (target)

31 Forest Creek Dr, Spencerport, NY 14559

3 beds • 3 baths • 2480 sqft

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This property looks like a bad Long-Term investment with a projected -20.65% first-year return on $114k initial cash invested.

-20.65%

Cash On Cash

2.49%

Cap Rate

0.38

DSCR

$2,951

Rent

-$1,953

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,951 income − $4,904 expenses = $1,953 out of pocket

Income$2,951Out of Pocket$1,953Mortgage P&I$2,92899%Property Taxes$1,03335%Insurance$1756%Management$29510%CapEx$1485%Vacancy$1776%Maintenance$1485%

Investment Breakdown

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Purchase Price

$541k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$108k

Closing costs

1%

$5,405

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,951

Total Expenses

$4,904

Mortgage P&I

99%

$2,928

Property Taxes

35%

$1,033

Home Insurance

6%

$175

HOA

0%

$0

Property Management

10%

$295

CapEx

5%

$148

Vacancy

6%

$177

Maintenance

5%

$148

Other

0%

$0

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