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$3,308 (target)

956 Walden Pond Ln, Cortland, NY 13045

3 beds • 2 baths • 1630 sqft

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This property looks like a bad Mid-Term investment with a projected -9.49% first-year return on $99,879 initial cash invested.

-9.49%

Cash On Cash

4.04%

Cap Rate

0.67

DSCR

$3,308

Rent

-$790

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,308 income − $4,098 expenses = $790 out of pocket

Income$3,308Out of Pocket$790Mortgage P&I$1,97260%Property Taxes$86226%Insurance$1364%HOA$4Management$39712%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36411%

Investment Breakdown

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Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,879

Downpayment

20%

$77,980

Closing costs

1%

$3,899

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,308

Total Expenses

$4,098

Mortgage P&I

60%

$1,972

Property Taxes

26%

$862

Home Insurance

4%

$136

HOA

0%

$4

Property Management

12%

$397

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$364

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