REI Lense

REI Lense

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$1,121 (target)

8197 Briercrest Dr, Erie, PA 16509

3 beds • 2 baths • 1000 sqft

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This property looks like a bad Long-Term investment with a projected -22.56% first-year return on $14,679 initial cash invested.

-22.56%

Cash On Cash

2.32%

Cap Rate

0.38

DSCR

$1,121

Rent

-$276

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$69,900

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$14,679

Downpayment

20%

$13,980

Closing costs

1%

$699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,121

Total Expenses

$1,397

Mortgage P&I

32%

$355

Property Taxes

5%

$57

Home Insurance

2%

$24

HOA

60%

$670

Property Management

10%

$112

CapEx

5%

$56

Vacancy

6%

$67

Maintenance

5%

$56

Other

0%

$0

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