REI Lense

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$2,198 (target)

3906 Page St, Erie, PA 16510

3 beds • 2 baths • 1200 sqft

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This property might be a fair Mid-Term investment with a projected 6.14% first-year return on $53,007 initial cash invested.

6.14%

Cash On Cash

9.04%

Cap Rate

1.4

DSCR

$2,198

Rent

$271

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,198 income − $1,927 expenses = $271 cash flow

Income$2,198Mortgage P&I$89741%Property Taxes$22710%Insurance$553%Management$26412%CapEx$884%Vacancy$663%Maintenance$884%Other$24211%Cash Flow$271

Investment Breakdown

|

Purchase Price

$167k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,007

Downpayment

20%

$33,340

Closing costs

1%

$1,667

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,198

Total Expenses

$1,927

Mortgage P&I

41%

$897

Property Taxes

10%

$227

Home Insurance

3%

$55

HOA

0%

$0

Property Management

12%

$264

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$242

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