REI Lense

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$3,421 (target)

114 Madrona Drive NW, Gig Harbor, WA 98335

3 beds • 2 baths • 2125 sqft

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This property looks like a bad Long-Term investment with a projected -16% first-year return on $146k initial cash invested.

-16%

Cash On Cash

2.98%

Cap Rate

0.49

DSCR

$3,421

Rent

-$1,945

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,421 income − $5,366 expenses = $1,945 out of pocket

Income$3,421Out of Pocket$1,945Mortgage P&I$3,498102%Property Taxes$53416%Insurance$2457%HOA$2006%Management$34210%CapEx$1715%Vacancy$2056%Maintenance$1715%

Investment Breakdown

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Purchase Price

$695k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$139k

Closing costs

1%

$6,947

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,421

Total Expenses

$5,366

Mortgage P&I

102%

$3,498

Property Taxes

16%

$534

Home Insurance

7%

$245

HOA

6%

$200

Property Management

10%

$342

CapEx

5%

$171

Vacancy

6%

$205

Maintenance

5%

$171

Other

0%

$0

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