REI Lense

REI Lense

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$2,551 (target)

37 Green Pond Rd, Saranac Lake, NY 12983

3 beds • 2 baths • 1862 sqft

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This property might be a fair Long-Term investment with a projected 0.46% first-year return on $62,328 initial cash invested.

0.46%

Cash On Cash

6.65%

Cap Rate

1.1

DSCR

$2,551

Rent

$24

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,551 income − $2,527 expenses = $24 cash flow

Income$2,551Mortgage P&I$1,49459%Property Taxes$26110%Insurance$1084%Management$25510%CapEx$1285%Vacancy$1536%Maintenance$1285%Cash Flow$24

Investment Breakdown

|

Purchase Price

$297k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,328

Downpayment

20%

$59,360

Closing costs

1%

$2,968

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,551

Total Expenses

$2,527

Mortgage P&I

59%

$1,494

Property Taxes

10%

$261

Home Insurance

4%

$108

HOA

0%

$0

Property Management

10%

$255

CapEx

5%

$128

Vacancy

6%

$153

Maintenance

5%

$128

Other

0%

$0

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