REI Lense

REI Lense

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$1,376 (target)

931 E 8th St, Erie, PA 16503

3 beds • 3 baths • 1544 sqft

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This property might be a fair Long-Term investment with a projected 6.2% first-year return on $29,400 initial cash invested.

6.2%

Cash On Cash

8.4%

Cap Rate

1.29

DSCR

$1,376

Rent

$152

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,376 income − $1,224 expenses = $152 cash flow

Income$1,376Mortgage P&I$75955%Property Taxes$574%Insurance$494%Management$13810%CapEx$695%Vacancy$836%Maintenance$695%Cash Flow$152

Investment Breakdown

|

Purchase Price

$140k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$29,400

Downpayment

20%

$28,000

Closing costs

1%

$1,400

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,376

Total Expenses

$1,224

Mortgage P&I

55%

$759

Property Taxes

4%

$57

Home Insurance

4%

$49

HOA

0%

$0

Property Management

10%

$138

CapEx

5%

$69

Vacancy

6%

$83

Maintenance

5%

$69

Other

0%

$0

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