REI Lense

REI Lense

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$2,956 (target)

4022 Ridge Ave, Altoona, PA 16602

3 beds • 4 baths • 2415 sqft

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This property looks like a bad Mid-Term investment with a projected -4.54% first-year return on $95,490 initial cash invested.

-4.54%

Cash On Cash

5.24%

Cap Rate

0.87

DSCR

$2,956

Rent

-$361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,956 income − $3,317 expenses = $361 out of pocket

Income$2,956Out of Pocket$361Mortgage P&I$1,85363%Property Taxes$32411%Insurance$1355%Management$35512%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32511%

Investment Breakdown

|

Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,490

Downpayment

20%

$73,800

Closing costs

1%

$3,690

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,956

Total Expenses

$3,317

Mortgage P&I

63%

$1,853

Property Taxes

11%

$324

Home Insurance

5%

$135

HOA

0%

$0

Property Management

12%

$355

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$325

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