REI Lense

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$1,826 (target)

6 Riverside St, Binghamton, NY 13904

3 beds • 2 baths • 1386 sqft

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This property could be a profitable Long-Term investment with a projected 21.97% first-year return on $24,192 initial cash invested.

21.97%

Cash On Cash

11.66%

Cap Rate

1.91

DSCR

$1,826

Rent

$443

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,826 income − $1,383 expenses = $443 cash flow

Income$1,826Mortgage P&I$58532%Property Taxes$29216%Insurance$312%Management$18310%CapEx$915%Vacancy$1106%Maintenance$915%Cash Flow$443

Investment Breakdown

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Purchase Price

$115k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$24,192

Downpayment

20%

$23,040

Closing costs

1%

$1,152

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,826

Total Expenses

$1,383

Mortgage P&I

32%

$585

Property Taxes

16%

$292

Home Insurance

2%

$31

HOA

0%

$0

Property Management

10%

$183

CapEx

5%

$91

Vacancy

6%

$110

Maintenance

5%

$91

Other

0%

$0

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