REI Lense

REI Lense

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$3,486 (target)

38 Nicholas Ln, Lancaster, NY 14086

3 beds • 2 baths • 2071 sqft

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This property looks like a bad Long-Term investment with a projected -14.58% first-year return on $124k initial cash invested.

-14.58%

Cash On Cash

3.29%

Cap Rate

0.55

DSCR

$3,486

Rent

-$1,507

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,486 income − $4,993 expenses = $1,507 out of pocket

Income$3,486Out of Pocket$1,507Mortgage P&I$2,95185%Property Taxes$92627%Insurance$2106%Management$34910%CapEx$1745%Vacancy$2096%Maintenance$1745%

Investment Breakdown

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Purchase Price

$591k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$118k

Closing costs

1%

$5,905

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,486

Total Expenses

$4,993

Mortgage P&I

85%

$2,951

Property Taxes

27%

$926

Home Insurance

6%

$210

HOA

0%

$0

Property Management

10%

$349

CapEx

5%

$174

Vacancy

6%

$209

Maintenance

5%

$174

Other

0%

$0

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