REI Lense

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$2,979 (target)

409 W Fulton Street Extension, Gloversville, NY 12078

3 beds • 2 baths • 1366 sqft

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This property might be a fair Mid-Term investment with a projected 6.36% first-year return on $67,539 initial cash invested.

6.36%

Cash On Cash

8.52%

Cap Rate

1.4

DSCR

$2,979

Rent

$358

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,979 income − $2,621 expenses = $358 cash flow

Income$2,979Mortgage P&I$1,19840%Property Taxes$34111%Insurance$702%Management$35712%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32811%Cash Flow$358

Investment Breakdown

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Purchase Price

$236k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,539

Downpayment

20%

$47,180

Closing costs

1%

$2,359

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,979

Total Expenses

$2,621

Mortgage P&I

40%

$1,198

Property Taxes

11%

$341

Home Insurance

2%

$70

HOA

0%

$0

Property Management

12%

$357

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$328

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