REI Lense

REI Lense

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$2,263 (target)

38 Melody Ln, Plattsburgh, NY 12901

3 beds • 2 baths • 1394 sqft

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This property looks like a bad Long-Term investment with a projected -9.39% first-year return on $71,799 initial cash invested.

-9.39%

Cash On Cash

4.41%

Cap Rate

0.74

DSCR

$2,263

Rent

-$562

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,263 income − $2,825 expenses = $562 out of pocket

Income$2,263Out of Pocket$562Mortgage P&I$1,70675%Property Taxes$40518%Insurance$1266%Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

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Purchase Price

$342k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,799

Downpayment

20%

$68,380

Closing costs

1%

$3,419

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,263

Total Expenses

$2,825

Mortgage P&I

75%

$1,706

Property Taxes

18%

$405

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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