REI Lense

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$1,956 (target)

3181 Cranberry Rd, Olean, NY 14760

3 beds • 2 baths • 1750 sqft

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This property looks like a bad Long-Term investment with a projected -5.07% first-year return on $51,807 initial cash invested.

-5.07%

Cash On Cash

5.4%

Cap Rate

0.9

DSCR

$1,956

Rent

-$219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,956 income − $2,175 expenses = $219 out of pocket

Income$1,956Out of Pocket$219Mortgage P&I$1,23163%Property Taxes$33317%Insurance$1025%Management$19610%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

|

Purchase Price

$247k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,807

Downpayment

20%

$49,340

Closing costs

1%

$2,467

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,956

Total Expenses

$2,175

Mortgage P&I

63%

$1,231

Property Taxes

17%

$333

Home Insurance

5%

$102

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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