REI Lense

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$2,782 (target)

6720 Minnick Rd, Lockport, NY 14094

3 beds • 2 baths • 1156 sqft

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This property looks like a bad Mid-Term investment with a projected -4.54% first-year return on $77,934 initial cash invested.

-4.54%

Cash On Cash

5.52%

Cap Rate

0.88

DSCR

$2,782

Rent

-$295

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,782 income − $3,077 expenses = $295 out of pocket

Income$2,782Out of Pocket$295Mortgage P&I$1,49654%Property Taxes$52219%Insurance$1144%Management$33412%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30611%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,934

Downpayment

20%

$57,080

Closing costs

1%

$2,854

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,782

Total Expenses

$3,077

Mortgage P&I

54%

$1,496

Property Taxes

19%

$522

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$334

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$306

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