REI Lense

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$3,023 (target)

7292 Akron Rd, Lockport, NY 14094

3 beds • 3 baths • 2966 sqft

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This property looks like a bad Long-Term investment with a projected -21.3% first-year return on $132k initial cash invested.

-21.3%

Cash On Cash

2.14%

Cap Rate

0.34

DSCR

$3,023

Rent

-$2,348

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,023 income − $5,371 expenses = $2,348 out of pocket

Income$3,023Out of Pocket$2,348Mortgage P&I$3,320110%Property Taxes$1,04635%Insurance$2207%Management$30210%CapEx$1515%Vacancy$1816%Maintenance$1515%

Investment Breakdown

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Purchase Price

$630k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$126k

Closing costs

1%

$6,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,023

Total Expenses

$5,371

Mortgage P&I

110%

$3,320

Property Taxes

35%

$1,046

Home Insurance

7%

$220

HOA

0%

$0

Property Management

10%

$302

CapEx

5%

$151

Vacancy

6%

$181

Maintenance

5%

$151

Other

0%

$0

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