REI Lense

REI Lense

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$2,411 (target)

850 Harris Rd, Corning, NY 14830

3 beds • 3 baths • 2512 sqft

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This property looks like a bad Long-Term investment with a projected -7.45% first-year return on $71,190 initial cash invested.

-7.45%

Cash On Cash

4.79%

Cap Rate

0.81

DSCR

$2,411

Rent

-$442

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,411 income − $2,853 expenses = $442 out of pocket

Income$2,411Out of Pocket$442Mortgage P&I$1,67369%Property Taxes$43318%Insurance$1195%Management$24110%CapEx$1215%Vacancy$1456%Maintenance$1215%

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,190

Downpayment

20%

$67,800

Closing costs

1%

$3,390

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,411

Total Expenses

$2,853

Mortgage P&I

69%

$1,673

Property Taxes

18%

$433

Home Insurance

5%

$119

HOA

0%

$0

Property Management

10%

$241

CapEx

5%

$121

Vacancy

6%

$145

Maintenance

5%

$121

Other

0%

$0

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