REI Lense

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$3,032 (target)

4340 Kinney Gulf Rd, Cortland, NY 13045

3 beds • 2 baths • 1740 sqft

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This property looks like a bad Mid-Term investment with a projected -4.2% first-year return on $89,190 initial cash invested.

-4.2%

Cash On Cash

5.28%

Cap Rate

0.89

DSCR

$3,032

Rent

-$312

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,032 income − $3,344 expenses = $312 out of pocket

Income$3,032Out of Pocket$312Mortgage P&I$1,68356%Property Taxes$51117%Insurance$1194%Management$36412%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33411%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,190

Downpayment

20%

$67,800

Closing costs

1%

$3,390

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,032

Total Expenses

$3,344

Mortgage P&I

56%

$1,683

Property Taxes

17%

$511

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$364

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$334

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