REI Lense

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$1,986 (target)

409 W Fulton Street Extension, Gloversville, NY 12078

3 beds • 2 baths • 1366 sqft

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This property looks like a bad Long-Term investment with a projected -3.37% first-year return on $49,539 initial cash invested.

-3.37%

Cash On Cash

5.89%

Cap Rate

0.97

DSCR

$1,986

Rent

-$139

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,986 income − $2,125 expenses = $139 out of pocket

Income$1,986Out of Pocket$139Mortgage P&I$1,19860%Property Taxes$34117%Insurance$704%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$236k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,539

Downpayment

20%

$47,180

Closing costs

1%

$2,359

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,986

Total Expenses

$2,125

Mortgage P&I

60%

$1,198

Property Taxes

17%

$341

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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