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$2,064 (target)

931 E 8th St, Erie, PA 16503

3 beds • 3 baths • 1544 sqft

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This property could be a profitable Mid-Term investment with a projected 12.56% first-year return on $47,400 initial cash invested.

12.56%

Cash On Cash

11.47%

Cap Rate

1.76

DSCR

$2,064

Rent

$496

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,064 income − $1,568 expenses = $496 cash flow

Income$2,064Mortgage P&I$75937%Property Taxes$573%Insurance$492%Management$24812%CapEx$834%Vacancy$623%Maintenance$834%Other$22711%Cash Flow$496

Investment Breakdown

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Purchase Price

$140k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,400

Downpayment

20%

$28,000

Closing costs

1%

$1,400

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$2,064

Total Expenses

$1,568

Mortgage P&I

37%

$759

Property Taxes

3%

$57

Home Insurance

2%

$49

HOA

0%

$0

Property Management

12%

$248

CapEx

4%

$83

Vacancy

3%

$62

Maintenance

4%

$83

Other

11%

$227

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