REI Lense

REI Lense

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$1,896 (target)

5515 Edward St, Erie, PA 16505

3 beds • 2 baths • 1628 sqft

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This property looks like a bad Long-Term investment with a projected -4.74% first-year return on $52,395 initial cash invested.

-4.74%

Cash On Cash

5.55%

Cap Rate

0.91

DSCR

$1,896

Rent

-$207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,896 income − $2,103 expenses = $207 out of pocket

Income$1,896Out of Pocket$207Mortgage P&I$1,26667%Property Taxes$25313%Insurance$905%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,395

Downpayment

20%

$49,900

Closing costs

1%

$2,495

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,896

Total Expenses

$2,103

Mortgage P&I

67%

$1,266

Property Taxes

13%

$253

Home Insurance

5%

$90

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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