REI Lense

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$5,622 (target)

311 Lucas Avenue, Kingston, NY 12401

3 beds • 2 baths • 1550 sqft

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This property might be a fair Mid-Term investment with a projected 8.59% first-year return on $106k initial cash invested.

8.59%

Cash On Cash

8.86%

Cap Rate

1.47

DSCR

$5,622

Rent

$755

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,622 income − $4,867 expenses = $755 cash flow

Income$5,622Mortgage P&I$2,09737%Property Taxes$72713%Insurance$1312%Management$67512%CapEx$2254%Vacancy$1693%Maintenance$2254%Other$61811%Cash Flow$755

Investment Breakdown

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Purchase Price

$417k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,340

Closing costs

1%

$4,167

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,622

Total Expenses

$4,867

Mortgage P&I

37%

$2,097

Property Taxes

13%

$727

Home Insurance

2%

$131

HOA

0%

$0

Property Management

12%

$675

CapEx

4%

$225

Vacancy

3%

$169

Maintenance

4%

$225

Other

11%

$618

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