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$2,450 (target)

655 E 41st St, Erie, PA 16504

3 beds • 2 baths • 1596 sqft

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This property might be a fair Mid-Term investment with a projected 6.56% first-year return on $55,779 initial cash invested.

6.56%

Cash On Cash

9.26%

Cap Rate

1.41

DSCR

$2,450

Rent

$305

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,450 income − $2,145 expenses = $305 cash flow

Income$2,450Mortgage P&I$98540%Property Taxes$26311%Insurance$633%Management$29412%CapEx$984%Vacancy$743%Maintenance$984%Other$27011%Cash Flow$305

Investment Breakdown

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Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,779

Downpayment

20%

$35,980

Closing costs

1%

$1,799

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,450

Total Expenses

$2,145

Mortgage P&I

40%

$985

Property Taxes

11%

$263

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$294

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$270

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