REI Lense

REI Lense

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$2,998 (target)

707 Richmond Ave, Buffalo, NY 14222

3 beds • 2 baths • 2379 sqft

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This property looks like a bad Long-Term investment with a projected -7.04% first-year return on $94,227 initial cash invested.

-7.04%

Cash On Cash

4.87%

Cap Rate

0.82

DSCR

$2,998

Rent

-$553

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,998 income − $3,551 expenses = $553 out of pocket

Income$2,998Out of Pocket$553Mortgage P&I$2,22574%Property Taxes$38813%Insurance$1585%Management$30010%CapEx$1505%Vacancy$1806%Maintenance$1505%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,227

Downpayment

20%

$89,740

Closing costs

1%

$4,487

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,998

Total Expenses

$3,551

Mortgage P&I

74%

$2,225

Property Taxes

13%

$388

Home Insurance

5%

$158

HOA

0%

$0

Property Management

10%

$300

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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