REI Lense

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$4,005 (target)

8 Michael Road, Fort Edward, NY 12828

3 beds • 2 baths • 1408 sqft

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This property might be a fair Mid-Term investment with a projected 3.34% first-year return on $94,188 initial cash invested.

3.34%

Cash On Cash

7.58%

Cap Rate

1.23

DSCR

$4,005

Rent

$262

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,005 income − $3,743 expenses = $262 cash flow

Income$4,005Mortgage P&I$1,86947%Property Taxes$39010%Insurance$1223%Management$48112%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44111%Cash Flow$262

Investment Breakdown

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Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,188

Downpayment

20%

$72,560

Closing costs

1%

$3,628

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,005

Total Expenses

$3,743

Mortgage P&I

47%

$1,869

Property Taxes

10%

$390

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$481

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$441

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