REI Lense

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$2,392 (target)

6027 Hermit Point Road, Galway, NY 12074

3 beds • 3 baths • 1500 sqft

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This property could be a profitable Mid-Term investment with a projected 10.18% first-year return on $49,983 initial cash invested.

10.18%

Cash On Cash

10.06%

Cap Rate

1.69

DSCR

$2,392

Rent

$424

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,392 income − $1,968 expenses = $424 cash flow

Income$2,392Mortgage P&I$75732%Property Taxes$1526%Insurance$2018%HOA$442%Management$28712%CapEx$964%Vacancy$723%Maintenance$964%Other$26311%Cash Flow$424

Investment Breakdown

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Purchase Price

$152k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,983

Downpayment

20%

$30,460

Closing costs

1%

$1,523

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,392

Total Expenses

$1,968

Mortgage P&I

32%

$757

Property Taxes

6%

$152

Home Insurance

8%

$201

HOA

2%

$44

Property Management

12%

$287

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$263

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