REI Lense

REI Lense

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$3,330 (target)

408 Glen Avenue, Scotia, NY 12302

3 beds • 2 baths • 1584 sqft

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This property might be a fair Mid-Term investment with a projected 8.09% first-year return on $70,500 initial cash invested.

8.09%

Cash On Cash

9.01%

Cap Rate

1.48

DSCR

$3,330

Rent

$475

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,330 income − $2,855 expenses = $475 cash flow

Income$3,330Mortgage P&I$1,26938%Property Taxes$38412%Insurance$702%Management$40012%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36611%Cash Flow$475

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,330

Total Expenses

$2,855

Mortgage P&I

38%

$1,269

Property Taxes

12%

$384

Home Insurance

2%

$70

HOA

0%

$0

Property Management

12%

$400

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$366

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