REI Lense

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$1,607 (target)

1111 N Main St, Newton, KS 67114

3 beds • 2 baths • 2455 sqft

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This property could be a profitable Long-Term investment with a projected 14.34% first-year return on $26,775 initial cash invested.

14.34%

Cash On Cash

10.32%

Cap Rate

1.57

DSCR

$1,607

Rent

$320

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,607 income − $1,287 expenses = $320 cash flow

Income$1,607Mortgage P&I$69643%Property Taxes$1298%Insurance$453%Management$16110%CapEx$805%Vacancy$966%Maintenance$805%Cash Flow$320

Investment Breakdown

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Purchase Price

$128k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$26,775

Downpayment

20%

$25,500

Closing costs

1%

$1,275

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,607

Total Expenses

$1,287

Mortgage P&I

43%

$696

Property Taxes

8%

$129

Home Insurance

3%

$45

HOA

0%

$0

Property Management

10%

$161

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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