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3741 W 38th St, Erie, PA 16506

3 beds • 2 baths • 1040 sqft

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This property looks like a bad Long-Term investment with a projected -8.34% first-year return on $46,179 initial cash invested.

-8.34%

Cash On Cash

4.91%

Cap Rate

0.79

DSCR

$1,511

Rent

-$321

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

$46,179

Downpayment

20%

$43,980

Closing costs

1%

$2,199

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,511

Total Expenses

$1,832

Mortgage P&I

76%

$1,145

Property Taxes

14%

$216

Home Insurance

5%

$77

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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