REI Lense

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$1,692 (target)

1001 Virginia STREET, Racine, WI 53405

3 beds • 2 baths • 1592 sqft

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This property looks like a bad Long-Term investment with a projected -15.61% first-year return on $56,427 initial cash invested.

-15.61%

Cash On Cash

3.68%

Cap Rate

0.56

DSCR

$1,692

Rent

-$734

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,692 income − $2,426 expenses = $734 out of pocket

Income$1,692Out of Pocket$734Mortgage P&I$1,47487%Property Taxes$42725%Insurance$845%Management$16910%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

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Purchase Price

$269k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,427

Downpayment

20%

$53,740

Closing costs

1%

$2,687

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,692

Total Expenses

$2,426

Mortgage P&I

87%

$1,474

Property Taxes

25%

$427

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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