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$3,662 (target)

55 Spring Avenue, Gloversville, NY 12078

3 beds • 2 baths • 1326 sqft

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This property looks like a bad Mid-Term investment with a projected -4.73% first-year return on $101k initial cash invested.

-4.73%

Cash On Cash

5.62%

Cap Rate

0.88

DSCR

$3,662

Rent

-$398

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,662 income − $4,060 expenses = $398 out of pocket

Income$3,662Out of Pocket$398Mortgage P&I$2,10057%Property Taxes$57616%Insurance$1404%Management$43912%CapEx$1464%Vacancy$1103%Maintenance$1464%Other$40311%

Investment Breakdown

|

Purchase Price

$395k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$78,940

Closing costs

1%

$3,947

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,662

Total Expenses

$4,060

Mortgage P&I

57%

$2,100

Property Taxes

16%

$576

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$439

CapEx

4%

$146

Vacancy

3%

$110

Maintenance

4%

$146

Other

11%

$403

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