REI Lense

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$2,739 (target)

6 Riverside St, Binghamton, NY 13904

3 beds • 2 baths • 1386 sqft

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This property could be a profitable Mid-Term investment with a projected 25.57% first-year return on $42,192 initial cash invested.

25.57%

Cash On Cash

16.6%

Cap Rate

2.72

DSCR

$2,739

Rent

$899

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,739 income − $1,840 expenses = $899 cash flow

Income$2,739Mortgage P&I$58521%Property Taxes$29211%Insurance$311%Management$32912%CapEx$1104%Vacancy$823%Maintenance$1104%Other$30111%Cash Flow$899

Investment Breakdown

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Purchase Price

$115k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,192

Downpayment

20%

$23,040

Closing costs

1%

$1,152

Rehab

0%

$0

Furnishing

16%

$18,000

Cashflow

Total Income

$2,739

Total Expenses

$1,840

Mortgage P&I

21%

$585

Property Taxes

11%

$292

Home Insurance

1%

$31

HOA

0%

$0

Property Management

12%

$329

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$301

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