REI Lense

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$2,682 (target)

9313 Wattsburg Rd, Erie, PA 16509

3 beds • 3 baths • 2000 sqft

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This property might be a fair Mid-Term investment with a projected 1.09% first-year return on $68,379 initial cash invested.

1.09%

Cash On Cash

7.31%

Cap Rate

1.13

DSCR

$2,682

Rent

$62

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,682 income − $2,620 expenses = $62 cash flow

Income$2,682Mortgage P&I$1,29348%Property Taxes$33212%Insurance$843%Management$32212%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29511%Cash Flow$62

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,682

Total Expenses

$2,620

Mortgage P&I

48%

$1,293

Property Taxes

12%

$332

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$322

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$295

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