REI Lense

REI Lense

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$2,278 (target)

6311 Lamphear Rd, Rome, NY 13440

3 beds • 2 baths • 2168 sqft

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This property looks like a bad Long-Term investment with a projected -7.11% first-year return on $62,979 initial cash invested.

-7.11%

Cash On Cash

5%

Cap Rate

0.83

DSCR

$2,278

Rent

-$373

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,278 income − $2,651 expenses = $373 out of pocket

Income$2,278Out of Pocket$373Mortgage P&I$1,50966%Property Taxes$44419%Insurance$1055%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,278

Total Expenses

$2,651

Mortgage P&I

66%

$1,509

Property Taxes

19%

$444

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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