REI Lense

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$2,312 (target)

47 2nd Street, Glens Falls, NY 12801

3 beds • 2 baths • 1553 sqft

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This property could be a profitable Long-Term investment with a projected 28.99% first-year return on $27,279 initial cash invested.

28.99%

Cash On Cash

13.39%

Cap Rate

2.15

DSCR

$2,312

Rent

$659

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,312 income − $1,653 expenses = $659 cash flow

Income$2,312Mortgage P&I$67429%Property Taxes$33114%Insurance$462%Management$23110%CapEx$1165%Vacancy$1396%Maintenance$1165%Cash Flow$659

Investment Breakdown

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Purchase Price

$130k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$27,279

Downpayment

20%

$25,980

Closing costs

1%

$1,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,312

Total Expenses

$1,653

Mortgage P&I

29%

$674

Property Taxes

14%

$331

Home Insurance

2%

$46

HOA

0%

$0

Property Management

10%

$231

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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