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88 Erie St, Lancaster, NY 14086

3 beds • 2 baths • 2307 sqft

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This property might be a fair Mid-Term investment with a projected 7.05% first-year return on $76,065 initial cash invested.

7.05%

Cash On Cash

8.41%

Cap Rate

1.44

DSCR

$3,558

Rent

$447

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$277k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,065

Downpayment

20%

$55,300

Closing costs

1%

$2,765

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,558

Total Expenses

$3,111

Mortgage P&I

38%

$1,348

Property Taxes

13%

$456

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$427

CapEx

4%

$142

Vacancy

3%

$107

Maintenance

4%

$142

Other

11%

$391

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