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3167 W 42nd St, Erie, PA 16506

3 beds • 3 baths • 1502 sqft

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This property might be a fair Mid-Term investment with a projected 3.1% first-year return on $85,179 initial cash invested.

3.1%

Cash On Cash

7.19%

Cap Rate

1.23

DSCR

$3,414

Rent

$220

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

$85,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,414

Total Expenses

$3,194

Mortgage P&I

46%

$1,560

Property Taxes

11%

$360

Home Insurance

3%

$112

HOA

0%

$0

Property Management

12%

$410

CapEx

4%

$137

Vacancy

3%

$102

Maintenance

4%

$137

Other

11%

$376

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