REI Lense

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$2,324 (target)

1108 S Mica Park Dr, Spokane, WA 99206

3 beds • 2 baths • 1763 sqft

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This property looks like a bad Long-Term investment with a projected -9.22% first-year return on $83,706 initial cash invested.

-9.22%

Cash On Cash

4.29%

Cap Rate

0.73

DSCR

$2,324

Rent

-$643

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,324 income − $2,967 expenses = $643 out of pocket

Income$2,324Out of Pocket$643Mortgage P&I$1,95384%Property Taxes$28012%Insurance$1316%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,706

Downpayment

20%

$79,720

Closing costs

1%

$3,986

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,324

Total Expenses

$2,967

Mortgage P&I

84%

$1,953

Property Taxes

12%

$280

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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