REI Lense

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$3,417 (target)

6311 Lamphear Rd, Rome, NY 13440

3 beds • 2 baths • 2168 sqft

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This property might be a fair Mid-Term investment with a projected 2.9% first-year return on $80,979 initial cash invested.

2.9%

Cash On Cash

7.37%

Cap Rate

1.22

DSCR

$3,417

Rent

$196

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,417 income − $3,221 expenses = $196 cash flow

Income$3,417Mortgage P&I$1,50944%Property Taxes$44413%Insurance$1053%Management$41012%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37611%Cash Flow$196

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,417

Total Expenses

$3,221

Mortgage P&I

44%

$1,509

Property Taxes

13%

$444

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$410

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$376

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