REI Lense

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$2,774 (target)

6831 Townsend Dr, Erie, PA 16505

3 beds • 2 baths • 1640 sqft

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This property looks like a bad Mid-Term investment with a projected -5.02% first-year return on $88,896 initial cash invested.

-5.02%

Cash On Cash

5.06%

Cap Rate

0.85

DSCR

$2,774

Rent

-$372

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,774 income − $3,146 expenses = $372 out of pocket

Income$2,774Out of Pocket$372Mortgage P&I$1,68561%Property Taxes$39614%Insurance$1224%Management$33312%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30511%

Investment Breakdown

|

Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,896

Downpayment

20%

$67,520

Closing costs

1%

$3,376

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,774

Total Expenses

$3,146

Mortgage P&I

61%

$1,685

Property Taxes

14%

$396

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$333

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$305

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