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3741 W 38th St, Erie, PA 16506

3 beds • 2 baths • 1040 sqft

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This property might be a fair Mid-Term investment with a projected 1.07% first-year return on $64,179 initial cash invested.

1.07%

Cash On Cash

7.06%

Cap Rate

1.13

DSCR

$2,266

Rent

$57

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,179

Downpayment

20%

$43,980

Closing costs

1%

$2,199

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,266

Total Expenses

$2,209

Mortgage P&I

51%

$1,145

Property Taxes

10%

$216

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$272

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$249

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