REI Lense

REI Lense

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$4,466 (target)

58 Leonard Street, Glens Falls, NY 12801

3 beds • 3 baths • 1858 sqft

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This property might be a fair Mid-Term investment with a projected 6.25% first-year return on $94,272 initial cash invested.

6.25%

Cash On Cash

8.28%

Cap Rate

1.36

DSCR

$4,466

Rent

$491

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,466 income − $3,975 expenses = $491 cash flow

Income$4,466Mortgage P&I$1,83741%Property Taxes$48911%Insurance$1303%Management$53612%CapEx$1794%Vacancy$1343%Maintenance$1794%Other$49111%Cash Flow$491

Investment Breakdown

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Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,272

Downpayment

20%

$72,640

Closing costs

1%

$3,632

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,466

Total Expenses

$3,975

Mortgage P&I

41%

$1,837

Property Taxes

11%

$489

Home Insurance

3%

$130

HOA

0%

$0

Property Management

12%

$536

CapEx

4%

$179

Vacancy

3%

$134

Maintenance

4%

$179

Other

11%

$491

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