REI Lense

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$4,000 (target)

8 Garnet Lane, Scotia, NY 12302

3 beds • 2 baths • 1457 sqft

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This property looks like a bad Mid-Term investment with a projected -6.86% first-year return on $102k initial cash invested.

-6.86%

Cash On Cash

5.21%

Cap Rate

0.8

DSCR

$4,000

Rent

-$581

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,000 income − $4,581 expenses = $581 out of pocket

Income$4,000Out of Pocket$581Mortgage P&I$2,15154%Property Taxes$93023%Insurance$1404%Management$48012%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44011%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,720

Closing costs

1%

$3,986

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,000

Total Expenses

$4,581

Mortgage P&I

54%

$2,151

Property Taxes

23%

$930

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$480

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$440

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