REI Lense

REI Lense

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$2,259 (target)

339 E 38th St, Erie, PA 16504

3 beds • 2 baths • 1145 sqft

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This property might be a fair Mid-Term investment with a projected 3.46% first-year return on $56,892 initial cash invested.

3.46%

Cash On Cash

8.15%

Cap Rate

1.25

DSCR

$2,259

Rent

$164

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,892

Downpayment

20%

$37,040

Closing costs

1%

$1,852

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,259

Total Expenses

$2,095

Mortgage P&I

44%

$1,004

Property Taxes

11%

$258

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$271

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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