REI Lense

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$2,466 (target)

657 Davis St, Elmira, NY 14901

3 beds • 2 baths • 1779 sqft

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This property might be a fair Mid-Term investment with a projected 8.12% first-year return on $55,590 initial cash invested.

8.12%

Cash On Cash

9.28%

Cap Rate

1.52

DSCR

$2,466

Rent

$376

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,466 income − $2,090 expenses = $376 cash flow

Income$2,466Mortgage P&I$90937%Property Taxes$27911%Insurance$633%Management$29612%CapEx$994%Vacancy$743%Maintenance$994%Other$27111%Cash Flow$376

Investment Breakdown

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Purchase Price

$179k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,590

Downpayment

20%

$35,800

Closing costs

1%

$1,790

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,466

Total Expenses

$2,090

Mortgage P&I

37%

$909

Property Taxes

11%

$279

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$296

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$271

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