REI Lense

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$1,937 (target)

63 Vern Ln, Cheektowaga, NY 14227

3 beds • 2 baths • 1100 sqft

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This property looks like a bad Long-Term investment with a projected -9.22% first-year return on $47,250 initial cash invested.

-9.22%

Cash On Cash

5.22%

Cap Rate

0.79

DSCR

$1,937

Rent

-$363

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,937 income − $2,300 expenses = $363 out of pocket

Income$1,937Out of Pocket$363Mortgage P&I$1,24564%Property Taxes$47224%Insurance$794%Management$19410%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,937

Total Expenses

$2,300

Mortgage P&I

64%

$1,245

Property Taxes

24%

$472

Home Insurance

4%

$79

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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