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$2,542 (target)

7466 N Shore Dr, Erie, PA 16511

3 beds • 2 baths • 1550 sqft

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This property looks like a bad Mid-Term investment with a projected -18.56% first-year return on $171k initial cash invested.

-18.56%

Cash On Cash

1.79%

Cap Rate

0.3

DSCR

$2,542

Rent

-$2,652

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,542 income − $5,194 expenses = $2,652 out of pocket

Income$2,542Out of Pocket$2,652Mortgage P&I$3,641143%Property Taxes$41716%Insurance$27111%Management$30512%CapEx$1024%Vacancy$763%Maintenance$1024%Other$28011%

Investment Breakdown

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Purchase Price

$731k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$171k

Downpayment

20%

$146k

Closing costs

1%

$7,306

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,542

Total Expenses

$5,194

Mortgage P&I

143%

$3,641

Property Taxes

16%

$417

Home Insurance

11%

$271

HOA

0%

$0

Property Management

12%

$305

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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