REI Lense

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$1,849 (target)

6831 Townsend Dr, Erie, PA 16505

3 beds • 2 baths • 1640 sqft

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This property looks like a bad Long-Term investment with a projected -14.12% first-year return on $70,896 initial cash invested.

-14.12%

Cash On Cash

3.35%

Cap Rate

0.56

DSCR

$1,849

Rent

-$834

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,849 income − $2,683 expenses = $834 out of pocket

Income$1,849Out of Pocket$834Mortgage P&I$1,68591%Property Taxes$39621%Insurance$1227%Management$18510%CapEx$925%Vacancy$1116%Maintenance$925%

Investment Breakdown

|

Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,896

Downpayment

20%

$67,520

Closing costs

1%

$3,376

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,849

Total Expenses

$2,683

Mortgage P&I

91%

$1,685

Property Taxes

21%

$396

Home Insurance

7%

$122

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$92

Vacancy

6%

$111

Maintenance

5%

$92

Other

0%

$0

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