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$2,966 (target)

615 Kiwassa Lake Rd, Saranac Lake, NY 12983

3 beds • 2 baths • sqft

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This property looks like a bad Mid-Term investment with a projected -18.2% first-year return on $156k initial cash invested.

-18.2%

Cash On Cash

2.45%

Cap Rate

0.37

DSCR

$2,966

Rent

-$2,368

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,966 income − $5,334 expenses = $2,368 out of pocket

Income$2,966Out of Pocket$2,368Mortgage P&I$3,589121%Property Taxes$49817%Insurance$2388%Management$35612%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32611%

Investment Breakdown

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Purchase Price

$658k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$156k

Downpayment

20%

$132k

Closing costs

1%

$6,576

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,966

Total Expenses

$5,334

Mortgage P&I

121%

$3,589

Property Taxes

17%

$498

Home Insurance

8%

$238

HOA

0%

$0

Property Management

12%

$356

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$326

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