REI Lense

REI Lense

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$1,618 (target)

418 Washburn St, Lockport, NY 14094

3 beds • 2 baths • 1276 sqft

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This property might be a fair Long-Term investment with a projected 5.25% first-year return on $32,256 initial cash invested.

5.25%

Cash On Cash

7.83%

Cap Rate

1.28

DSCR

$1,618

Rent

$141

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,618 income − $1,477 expenses = $141 cash flow

Income$1,618Mortgage P&I$78048%Property Taxes$22014%Insurance$563%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%Cash Flow$141

Investment Breakdown

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Purchase Price

$154k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$32,256

Downpayment

20%

$30,720

Closing costs

1%

$1,536

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,618

Total Expenses

$1,477

Mortgage P&I

48%

$780

Property Taxes

14%

$220

Home Insurance

3%

$56

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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