REI Lense

REI Lense

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$3,367 (target)

443 Surrey Dr, Cortland, NY 13045

3 beds • 3 baths • 2388 sqft

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This property looks like a bad Long-Term investment with a projected -8.37% first-year return on $79,716 initial cash invested.

-8.37%

Cash On Cash

4.67%

Cap Rate

0.79

DSCR

$3,367

Rent

-$556

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,367 income − $3,923 expenses = $556 out of pocket

Income$3,367Out of Pocket$556Mortgage P&I$1,86655%Property Taxes$1,04231%Insurance$1404%Management$33710%CapEx$1685%Vacancy$2026%Maintenance$1685%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,716

Downpayment

20%

$75,920

Closing costs

1%

$3,796

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,367

Total Expenses

$3,923

Mortgage P&I

55%

$1,866

Property Taxes

31%

$1,042

Home Insurance

4%

$140

HOA

0%

$0

Property Management

10%

$337

CapEx

5%

$168

Vacancy

6%

$202

Maintenance

5%

$168

Other

0%

$0

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