REI Lense

REI Lense

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$2,598 (target)

8 Seneca Ave, Saranac Lake, NY 12983

3 beds • 3 baths • 2300 sqft

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This property looks like a bad Long-Term investment with a projected -8.07% first-year return on $75,957 initial cash invested.

-8.07%

Cash On Cash

4.7%

Cap Rate

0.79

DSCR

$2,598

Rent

-$511

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,598 income − $3,109 expenses = $511 out of pocket

Income$2,598Out of Pocket$511Mortgage P&I$1,79769%Property Taxes$50519%Insurance$1315%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

|

Purchase Price

$362k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,957

Downpayment

20%

$72,340

Closing costs

1%

$3,617

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,598

Total Expenses

$3,109

Mortgage P&I

69%

$1,797

Property Taxes

19%

$505

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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