REI Lense

REI Lense

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$2,934 (target)

50 Sunrise Dr, Binghamton, NY 13905

3 beds • 2 baths • 1614 sqft

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This property might be a fair Mid-Term investment with a projected 4.59% first-year return on $69,219 initial cash invested.

4.59%

Cash On Cash

7.97%

Cap Rate

1.31

DSCR

$2,934

Rent

$265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,934 income − $2,669 expenses = $265 cash flow

Income$2,934Mortgage P&I$1,23842%Property Taxes$34612%Insurance$883%Management$35212%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32311%Cash Flow$265

Investment Breakdown

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Purchase Price

$244k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,219

Downpayment

20%

$48,780

Closing costs

1%

$2,439

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,934

Total Expenses

$2,669

Mortgage P&I

42%

$1,238

Property Taxes

12%

$346

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$323

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