REI Lense

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$2,538 (target)

1001 Virginia STREET, Racine, WI 53405

3 beds • 2 baths • 1592 sqft

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This property looks like a bad Mid-Term investment with a projected -5.01% first-year return on $74,427 initial cash invested.

-5.01%

Cash On Cash

5.65%

Cap Rate

0.86

DSCR

$2,538

Rent

-$311

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,538 income − $2,849 expenses = $311 out of pocket

Income$2,538Out of Pocket$311Mortgage P&I$1,47458%Property Taxes$42717%Insurance$843%Management$30512%CapEx$1024%Vacancy$763%Maintenance$1024%Other$27911%

Investment Breakdown

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Purchase Price

$269k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,427

Downpayment

20%

$53,740

Closing costs

1%

$2,687

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,538

Total Expenses

$2,849

Mortgage P&I

58%

$1,474

Property Taxes

17%

$427

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$305

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$279

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