REI Lense

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$1,851 (target)

3628 Colonial Ave, Erie, PA 16506

3 beds • 2 baths • 1428 sqft

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This property looks like a bad Long-Term investment with a projected -12.44% first-year return on $59,829 initial cash invested.

-12.44%

Cash On Cash

4.3%

Cap Rate

0.66

DSCR

$1,851

Rent

-$620

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,851 income − $2,471 expenses = $620 out of pocket

Income$1,851Out of Pocket$620Mortgage P&I$1,54884%Property Taxes$34118%Insurance$1005%Management$18510%CapEx$935%Vacancy$1116%Maintenance$935%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,829

Downpayment

20%

$56,980

Closing costs

1%

$2,849

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,851

Total Expenses

$2,471

Mortgage P&I

84%

$1,548

Property Taxes

18%

$341

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$93

Vacancy

6%

$111

Maintenance

5%

$93

Other

0%

$0

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