REI Lense

REI Lense

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$3,169 (target)

58 Lakepointe Way, Saratoga Springs, NY 12866

3 beds • 2 baths • 1582 sqft

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This property looks like a bad Long-Term investment with a projected -7.96% first-year return on $121k initial cash invested.

-7.96%

Cash On Cash

4.75%

Cap Rate

0.78

DSCR

$3,169

Rent

-$801

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,169 income − $3,970 expenses = $801 out of pocket

Income$3,169Out of Pocket$801Mortgage P&I$2,91992%Property Taxes$14Insurance$2016%HOA$13Management$31710%CapEx$1585%Vacancy$1906%Maintenance$1585%

Investment Breakdown

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Purchase Price

$575k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$115k

Closing costs

1%

$5,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,169

Total Expenses

$3,970

Mortgage P&I

92%

$2,919

Property Taxes

0%

$14

Home Insurance

6%

$201

HOA

0%

$13

Property Management

10%

$317

CapEx

5%

$158

Vacancy

6%

$190

Maintenance

5%

$158

Other

0%

$0

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