REI Lense

REI Lense

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$2,023 (target)

668 Colesville Rd, Binghamton, NY 13904

3 beds • 2 baths • 1144 sqft

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This property looks like a bad Long-Term investment with a projected -1.78% first-year return on $54,579 initial cash invested.

-1.78%

Cash On Cash

6.19%

Cap Rate

1.02

DSCR

$2,023

Rent

-$81

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,023 income − $2,104 expenses = $81 out of pocket

Income$2,023Out of Pocket$81Mortgage P&I$1,32065%Property Taxes$1769%Insurance$834%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,023

Total Expenses

$2,104

Mortgage P&I

65%

$1,320

Property Taxes

9%

$176

Home Insurance

4%

$83

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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