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$4,036 (target)

61 Locust Ridge Drive, Corinth, NY 12822

3 beds • 2 baths • 1436 sqft

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This property might be a fair Mid-Term investment with a projected 5.09% first-year return on $89,988 initial cash invested.

5.09%

Cash On Cash

8.09%

Cap Rate

1.31

DSCR

$4,036

Rent

$382

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,036 income − $3,654 expenses = $382 cash flow

Income$4,036Mortgage P&I$1,76744%Property Taxes$39410%Insurance$1223%Management$48412%CapEx$1614%Vacancy$1213%Maintenance$1614%Other$44411%Cash Flow$382

Investment Breakdown

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Purchase Price

$343k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,988

Downpayment

20%

$68,560

Closing costs

1%

$3,428

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,036

Total Expenses

$3,654

Mortgage P&I

44%

$1,767

Property Taxes

10%

$394

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$484

CapEx

4%

$161

Vacancy

3%

$121

Maintenance

4%

$161

Other

11%

$444

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