REI Lense

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$2,574 (target)

4909 Wattsburg Rd, Erie, PA 16504

3 beds • 2 baths • 1581 sqft

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This property looks like a bad Mid-Term investment with a projected -5.11% first-year return on $88,980 initial cash invested.

-5.11%

Cash On Cash

4.99%

Cap Rate

0.84

DSCR

$2,574

Rent

-$379

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,574 income − $2,953 expenses = $379 out of pocket

Income$2,574Out of Pocket$379Mortgage P&I$1,68265%Property Taxes$27411%Insurance$1225%Management$30912%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28311%

Investment Breakdown

|

Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,980

Downpayment

20%

$67,600

Closing costs

1%

$3,380

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,574

Total Expenses

$2,953

Mortgage P&I

65%

$1,682

Property Taxes

11%

$274

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$309

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$283

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