REI Lense

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$2,932 (target)

4 Melvin Ave, Cortland, NY 13045

3 beds • 2 baths • 1890 sqft

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This property might be a fair Long-Term investment with a projected 9.18% first-year return on $45,990 initial cash invested.

9.18%

Cash On Cash

8.95%

Cap Rate

1.44

DSCR

$2,932

Rent

$352

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,932 income − $2,580 expenses = $352 cash flow

Income$2,932Mortgage P&I$1,13439%Property Taxes$60621%Insurance$773%Management$29310%CapEx$1475%Vacancy$1766%Maintenance$1475%Cash Flow$352

Investment Breakdown

|

Purchase Price

$219k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,990

Downpayment

20%

$43,800

Closing costs

1%

$2,190

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,932

Total Expenses

$2,580

Mortgage P&I

39%

$1,134

Property Taxes

21%

$606

Home Insurance

3%

$77

HOA

0%

$0

Property Management

10%

$293

CapEx

5%

$147

Vacancy

6%

$176

Maintenance

5%

$147

Other

0%

$0

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