REI Lense

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$3,294 (target)

413 E Washington Ave, Elmira, NY 14901

3 beds • 2 baths • 1818 sqft

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This property could be a profitable Mid-Term investment with a projected 36.29% first-year return on $43,284 initial cash invested.

36.29%

Cash On Cash

20.59%

Cap Rate

3.31

DSCR

$3,294

Rent

$1,309

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,294 income − $1,985 expenses = $1,309 cash flow

Income$3,294Mortgage P&I$62519%Property Taxes$1946%Insurance$461%Management$39512%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36211%Cash Flow$1,309

Investment Breakdown

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Purchase Price

$120k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,284

Downpayment

20%

$24,080

Closing costs

1%

$1,204

Rehab

0%

$0

Furnishing

15%

$18,000

Cashflow

Total Income

$3,294

Total Expenses

$1,985

Mortgage P&I

19%

$625

Property Taxes

6%

$194

Home Insurance

1%

$46

HOA

0%

$0

Property Management

12%

$395

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$362

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