REI Lense

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$1,695 (target)

7466 N Shore Dr, Erie, PA 16511

3 beds • 2 baths • 1550 sqft

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This property looks like a bad Long-Term investment with a projected -24.06% first-year return on $153k initial cash invested.

-24.06%

Cash On Cash

1.07%

Cap Rate

0.18

DSCR

$1,695

Rent

-$3,076

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,695 income − $4,771 expenses = $3,076 out of pocket

Income$1,695Out of Pocket$3,076Mortgage P&I$3,641215%Property Taxes$41725%Insurance$27116%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$731k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$153k

Downpayment

20%

$146k

Closing costs

1%

$7,306

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,695

Total Expenses

$4,771

Mortgage P&I

215%

$3,641

Property Taxes

25%

$417

Home Insurance

16%

$271

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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