REI Lense

REI Lense

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$2,196 (target)

413 E Washington Ave, Elmira, NY 14901

3 beds • 2 baths • 1818 sqft

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This property could be a profitable Long-Term investment with a projected 36.02% first-year return on $25,284 initial cash invested.

36.02%

Cash On Cash

14.89%

Cap Rate

2.39

DSCR

$2,196

Rent

$759

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,196 income − $1,437 expenses = $759 cash flow

Income$2,196Mortgage P&I$62528%Property Taxes$1949%Insurance$462%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%Cash Flow$759

Investment Breakdown

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Purchase Price

$120k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$25,284

Downpayment

20%

$24,080

Closing costs

1%

$1,204

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,196

Total Expenses

$1,437

Mortgage P&I

28%

$625

Property Taxes

9%

$194

Home Insurance

2%

$46

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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