REI Lense

REI Lense

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$3,083 (target)

39 Hickory Park Rd, Cortland, NY 13045

3 beds • 3 baths • 1804 sqft

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This property looks like a bad Long-Term investment with a projected -3.54% first-year return on $64,491 initial cash invested.

-3.54%

Cash On Cash

5.81%

Cap Rate

0.98

DSCR

$3,083

Rent

-$190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,083 income − $3,273 expenses = $190 out of pocket

Income$3,083Out of Pocket$190Mortgage P&I$1,52349%Property Taxes$83527%Insurance$1144%Management$30810%CapEx$1545%Vacancy$1856%Maintenance$1545%

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,491

Downpayment

20%

$61,420

Closing costs

1%

$3,071

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,083

Total Expenses

$3,273

Mortgage P&I

49%

$1,523

Property Taxes

27%

$835

Home Insurance

4%

$114

HOA

0%

$0

Property Management

10%

$308

CapEx

5%

$154

Vacancy

6%

$185

Maintenance

5%

$154

Other

0%

$0

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