REI Lense

REI Lense

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$1,433 (target)

119 E 7th St, Concordia, KS 66901

3 beds • 2 baths • 1855 sqft

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This property might be a fair Long-Term investment with a projected 2.07% first-year return on $28,980 initial cash invested.

2.07%

Cash On Cash

7.3%

Cap Rate

1.17

DSCR

$1,433

Rent

$50

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,433 income − $1,383 expenses = $50 cash flow

Income$1,433Mortgage P&I$71750%Property Taxes$24517%Insurance$483%Management$14310%CapEx$725%Vacancy$866%Maintenance$725%Cash Flow$50

Investment Breakdown

|

Purchase Price

$138k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$28,980

Downpayment

20%

$27,600

Closing costs

1%

$1,380

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,433

Total Expenses

$1,383

Mortgage P&I

50%

$717

Property Taxes

17%

$245

Home Insurance

3%

$48

HOA

0%

$0

Property Management

10%

$143

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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