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3167 W 42nd St, Erie, PA 16506

3 beds • 3 baths • 1502 sqft

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This property looks like a bad Long-Term investment with a projected -6.23% first-year return on $67,179 initial cash invested.

-6.23%

Cash On Cash

4.97%

Cap Rate

0.85

DSCR

$2,276

Rent

-$349

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,276

Total Expenses

$2,625

Mortgage P&I

69%

$1,560

Property Taxes

16%

$360

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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