REI Lense

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$2,822 (target)

7196 Rapids Rd, Lockport, NY 14094

3 beds • 2 baths • 1320 sqft

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This property might be a fair Mid-Term investment with a projected 4.16% first-year return on $68,862 initial cash invested.

4.16%

Cash On Cash

7.73%

Cap Rate

1.29

DSCR

$2,822

Rent

$239

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,822 income − $2,583 expenses = $239 cash flow

Income$2,822Mortgage P&I$1,20943%Property Taxes$32612%Insurance$883%Management$33912%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31011%Cash Flow$239

Investment Breakdown

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Purchase Price

$242k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,862

Downpayment

20%

$48,440

Closing costs

1%

$2,422

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,822

Total Expenses

$2,583

Mortgage P&I

43%

$1,209

Property Taxes

12%

$326

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$310

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