REI Lense

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3515 Pacific Ave, Erie, PA 16506

3 beds • 2 baths • 1333 sqft

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This property looks like a bad Airbnb investment with a projected -2.75% first-year return on $69,051 initial cash invested.

-2.75%

Cash On Cash

6%

Cap Rate

0.96

DSCR

$2,698

Rent

-$158

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$243k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,051

Downpayment

20%

$48,620

Closing costs

1%

$2,431

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,698

Total Expenses

$2,856

Mortgage P&I

47%

$1,265

Property Taxes

8%

$212

Home Insurance

3%

$84

HOA

0%

$0

Property Management

15%

$405

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$674

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