REI Lense

REI Lense

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$1,684 (target)

1049 N Armour St, Wichita, KS 67206

3 beds • 2 baths • 1636 sqft

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This property looks like a bad Long-Term investment with a projected -13.15% first-year return on $64,050 initial cash invested.

-13.15%

Cash On Cash

3.77%

Cap Rate

0.61

DSCR

$1,684

Rent

-$702

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,684 income − $2,386 expenses = $702 out of pocket

Income$1,684Out of Pocket$702Mortgage P&I$1,57794%Property Taxes$26516%Insurance$1076%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,050

Downpayment

20%

$61,000

Closing costs

1%

$3,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,684

Total Expenses

$2,386

Mortgage P&I

94%

$1,577

Property Taxes

16%

$265

Home Insurance

6%

$107

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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