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$5,050 (target)

443 Surrey Dr, Cortland, NY 13045

3 beds • 3 baths • 2388 sqft

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This property might be a fair Mid-Term investment with a projected 3.49% first-year return on $97,716 initial cash invested.

3.49%

Cash On Cash

7.44%

Cap Rate

1.26

DSCR

$5,050

Rent

$284

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,050 income − $4,766 expenses = $284 cash flow

Income$5,050Mortgage P&I$1,86637%Property Taxes$1,04221%Insurance$1403%Management$60612%CapEx$2024%Vacancy$1523%Maintenance$2024%Other$55611%Cash Flow$284

Investment Breakdown

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Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,716

Downpayment

20%

$75,920

Closing costs

1%

$3,796

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$5,050

Total Expenses

$4,766

Mortgage P&I

37%

$1,866

Property Taxes

21%

$1,042

Home Insurance

3%

$140

HOA

0%

$0

Property Management

12%

$606

CapEx

4%

$202

Vacancy

3%

$152

Maintenance

4%

$202

Other

11%

$556

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