REI Lense

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$3,394 (target)

38 Melody Ln, Plattsburgh, NY 12901

3 beds • 2 baths • 1394 sqft

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This property might be a fair Mid-Term investment with a projected 0.04% first-year return on $89,799 initial cash invested.

0.04%

Cash On Cash

6.48%

Cap Rate

1.08

DSCR

$3,394

Rent

$3

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,394 income − $3,391 expenses = $3 cash flow

Income$3,394Mortgage P&I$1,70650%Property Taxes$40512%Insurance$1264%Management$40712%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37311%Cash Flow$3

Investment Breakdown

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Purchase Price

$342k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,799

Downpayment

20%

$68,380

Closing costs

1%

$3,419

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,394

Total Expenses

$3,391

Mortgage P&I

50%

$1,706

Property Taxes

12%

$405

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$407

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$373

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