REI Lense

REI Lense

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$2,090 (target)

326 Line St, Olean, NY 14760

3 beds • 2 baths • 1760 sqft

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This property could be a profitable Long-Term investment with a projected 11.96% first-year return on $33,621 initial cash invested.

11.96%

Cash On Cash

9.38%

Cap Rate

1.54

DSCR

$2,090

Rent

$335

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,090 income − $1,755 expenses = $335 cash flow

Income$2,090Mortgage P&I$81339%Property Taxes$33516%Insurance$653%Management$20910%CapEx$1045%Vacancy$1256%Maintenance$1045%Cash Flow$335

Investment Breakdown

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Purchase Price

$160k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,621

Downpayment

20%

$32,020

Closing costs

1%

$1,601

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,090

Total Expenses

$1,755

Mortgage P&I

39%

$813

Property Taxes

16%

$335

Home Insurance

3%

$65

HOA

0%

$0

Property Management

10%

$209

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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