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$4,624 (target)

39 Hickory Park Rd, Cortland, NY 13045

3 beds • 3 baths • 1804 sqft

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This property might be a fair Mid-Term investment with a projected 8.42% first-year return on $82,491 initial cash invested.

8.42%

Cash On Cash

8.94%

Cap Rate

1.5

DSCR

$4,624

Rent

$579

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,624 income − $4,045 expenses = $579 cash flow

Income$4,624Mortgage P&I$1,52333%Property Taxes$83518%Insurance$1142%Management$55512%CapEx$1854%Vacancy$1393%Maintenance$1854%Other$50911%Cash Flow$579

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,491

Downpayment

20%

$61,420

Closing costs

1%

$3,071

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,624

Total Expenses

$4,045

Mortgage P&I

33%

$1,523

Property Taxes

18%

$835

Home Insurance

2%

$114

HOA

0%

$0

Property Management

12%

$555

CapEx

4%

$185

Vacancy

3%

$139

Maintenance

4%

$185

Other

11%

$509

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