REI Lense

REI Lense

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$2,509 (target)

3141 Oakley Dr, Erie, PA 16506

3 beds • 3 baths • 1765 sqft

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This property looks like a bad Long-Term investment with a projected -9.17% first-year return on $77,049 initial cash invested.

-9.17%

Cash On Cash

4.7%

Cap Rate

0.76

DSCR

$2,509

Rent

-$589

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,509 income − $3,098 expenses = $589 out of pocket

Income$2,509Out of Pocket$589Mortgage P&I$1,90276%Property Taxes$41116%Insurance$1335%Management$25110%CapEx$1255%Vacancy$1516%Maintenance$1255%

Investment Breakdown

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Purchase Price

$367k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,049

Downpayment

20%

$73,380

Closing costs

1%

$3,669

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,509

Total Expenses

$3,098

Mortgage P&I

76%

$1,902

Property Taxes

16%

$411

Home Insurance

5%

$133

HOA

0%

$0

Property Management

10%

$251

CapEx

5%

$125

Vacancy

6%

$151

Maintenance

5%

$125

Other

0%

$0

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