REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$4,398 (target)

4 Melvin Ave, Cortland, NY 13045

3 beds • 2 baths • 1890 sqft

Email

This property could be a profitable Mid-Term investment with a projected 20.35% first-year return on $63,990 initial cash invested.

20.35%

Cash On Cash

13.12%

Cap Rate

2.11

DSCR

$4,398

Rent

$1,085

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,398 income − $3,313 expenses = $1,085 cash flow

Income$4,398Mortgage P&I$1,13426%Property Taxes$60614%Insurance$772%Management$52812%CapEx$1764%Vacancy$1323%Maintenance$1764%Other$48411%Cash Flow$1,085

Investment Breakdown

|

Purchase Price

$219k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,990

Downpayment

20%

$43,800

Closing costs

1%

$2,190

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$4,398

Total Expenses

$3,313

Mortgage P&I

26%

$1,134

Property Taxes

14%

$606

Home Insurance

2%

$77

HOA

0%

$0

Property Management

12%

$528

CapEx

4%

$176

Vacancy

3%

$132

Maintenance

4%

$176

Other

11%

$484

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis