REI Lense

REI Lense

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$1,595 (target)

6027 Hermit Point Road, Galway, NY 12074

3 beds • 3 baths • 1500 sqft

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This property might be a fair Long-Term investment with a projected 0.94% first-year return on $31,983 initial cash invested.

0.94%

Cash On Cash

6.79%

Cap Rate

1.14

DSCR

$1,595

Rent

$25

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,595 income − $1,570 expenses = $25 cash flow

Income$1,595Mortgage P&I$75747%Property Taxes$15210%Insurance$20113%HOA$443%Management$16010%CapEx$805%Vacancy$966%Maintenance$805%Cash Flow$25

Investment Breakdown

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Purchase Price

$152k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,983

Downpayment

20%

$30,460

Closing costs

1%

$1,523

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,595

Total Expenses

$1,570

Mortgage P&I

47%

$757

Property Taxes

10%

$152

Home Insurance

13%

$201

HOA

3%

$44

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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