REI Lense

REI Lense

Unlock all features! Tap here to upgrade

3167 W 42nd St, Erie, PA 16506

3 beds • 3 baths • 1502 sqft

Email

This property looks like a bad Airbnb investment with a projected -10.75% first-year return on $85,179 initial cash invested.

-10.75%

Cash On Cash

3.36%

Cap Rate

0.57

DSCR

$2,441

Rent

-$763

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,441 income − $3,204 expenses = $763 out of pocket

Income$2,441Out of Pocket$763Mortgage P&I$1,56064%Property Taxes$36015%Insurance$1125%Management$36615%CapEx$984%Maintenance$984%Other$61025%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,441

Total Expenses

$3,204

Mortgage P&I

64%

$1,560

Property Taxes

15%

$360

Home Insurance

5%

$112

HOA

0%

$0

Property Management

15%

$366

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$610

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis