REI Lense

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$2,776 (target)

3628 Colonial Ave, Erie, PA 16506

3 beds • 2 baths • 1428 sqft

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This property looks like a bad Mid-Term investment with a projected -2.41% first-year return on $77,829 initial cash invested.

-2.41%

Cash On Cash

6.33%

Cap Rate

0.97

DSCR

$2,776

Rent

-$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,776 income − $2,932 expenses = $156 out of pocket

Income$2,776Out of Pocket$156Mortgage P&I$1,54856%Property Taxes$34112%Insurance$1004%Management$33312%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30511%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,829

Downpayment

20%

$56,980

Closing costs

1%

$2,849

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,776

Total Expenses

$2,932

Mortgage P&I

56%

$1,548

Property Taxes

12%

$341

Home Insurance

4%

$100

HOA

0%

$0

Property Management

12%

$333

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$305

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