REI Lense

REI Lense

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$2,706 (target)

9 Grove Avenue, Glens Falls, NY 12801

3 beds • 2 baths • 1878 sqft

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This property looks like a bad Long-Term investment with a projected -4.66% first-year return on $69,594 initial cash invested.

-4.66%

Cash On Cash

5.61%

Cap Rate

0.92

DSCR

$2,706

Rent

-$270

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,706 income − $2,976 expenses = $270 out of pocket

Income$2,706Out of Pocket$270Mortgage P&I$1,68362%Property Taxes$51119%Insurance$793%Management$27110%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

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Purchase Price

$331k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,594

Downpayment

20%

$66,280

Closing costs

1%

$3,314

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,706

Total Expenses

$2,976

Mortgage P&I

62%

$1,683

Property Taxes

19%

$511

Home Insurance

3%

$79

HOA

0%

$0

Property Management

10%

$271

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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