REI Lense

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$3,892 (target)

83 Michaels Walk, Lancaster, NY 14086

3 beds • 2 baths • 1694 sqft

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This property looks like a bad Mid-Term investment with a projected -6.21% first-year return on $117k initial cash invested.

-6.21%

Cash On Cash

4.81%

Cap Rate

0.81

DSCR

$3,892

Rent

-$604

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,892 income − $4,496 expenses = $604 out of pocket

Income$3,892Out of Pocket$604Mortgage P&I$2,33160%Property Taxes$68518%Insurance$1564%Management$46712%CapEx$1564%Vacancy$1173%Maintenance$1564%Other$42811%

Investment Breakdown

|

Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,040

Closing costs

1%

$4,702

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,892

Total Expenses

$4,496

Mortgage P&I

60%

$2,331

Property Taxes

18%

$685

Home Insurance

4%

$156

HOA

0%

$0

Property Management

12%

$467

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$428

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