REI Lense

REI Lense

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$2,261 (target)

5665 Winthrop Dr, Erie, PA 16506

3 beds • 3 baths • 2714 sqft

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This property looks like a bad Long-Term investment with a projected -22.51% first-year return on $132k initial cash invested.

-22.51%

Cash On Cash

1.58%

Cap Rate

0.26

DSCR

$2,261

Rent

-$2,485

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,261 income − $4,746 expenses = $2,485 out of pocket

Income$2,261Out of Pocket$2,485Mortgage P&I$3,203142%Property Taxes$71432%Insurance$23310%HOA$8Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

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Purchase Price

$631k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$126k

Closing costs

1%

$6,309

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,261

Total Expenses

$4,746

Mortgage P&I

142%

$3,203

Property Taxes

32%

$714

Home Insurance

10%

$233

HOA

0%

$8

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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