REI Lense

REI Lense

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$2,735 (target)

42 Lathrop Ave, Binghamton, NY 13905

3 beds • 2 baths • 1552 sqft

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This property could be a profitable Long-Term investment with a projected 15.8% first-year return on $38,745 initial cash invested.

15.8%

Cash On Cash

10.43%

Cap Rate

1.68

DSCR

$2,735

Rent

$510

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,735 income − $2,225 expenses = $510 cash flow

Income$2,735Mortgage P&I$95735%Property Taxes$49118%Insurance$652%Management$27410%CapEx$1375%Vacancy$1646%Maintenance$1375%Cash Flow$510

Investment Breakdown

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Purchase Price

$185k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,745

Downpayment

20%

$36,900

Closing costs

1%

$1,845

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,735

Total Expenses

$2,225

Mortgage P&I

35%

$957

Property Taxes

18%

$491

Home Insurance

2%

$65

HOA

0%

$0

Property Management

10%

$274

CapEx

5%

$137

Vacancy

6%

$164

Maintenance

5%

$137

Other

0%

$0

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