REI Lense

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$4,437 (target)

12006 61st Avenue Ct E, Gig Harbor, WA 98332

3 beds • 2 baths • 1462 sqft

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This property looks like a bad Mid-Term investment with a projected -7.45% first-year return on $139k initial cash invested.

-7.45%

Cash On Cash

5.12%

Cap Rate

0.78

DSCR

$4,437

Rent

-$860

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,437 income − $5,297 expenses = $860 out of pocket

Income$4,437Out of Pocket$860Mortgage P&I$3,13371%Property Taxes$3678%Insurance$2035%HOA$872%Management$53212%CapEx$1774%Vacancy$1333%Maintenance$1774%Other$48811%

Investment Breakdown

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Purchase Price

$574k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$115k

Closing costs

1%

$5,740

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,437

Total Expenses

$5,297

Mortgage P&I

71%

$3,133

Property Taxes

8%

$367

Home Insurance

5%

$203

HOA

2%

$87

Property Management

12%

$532

CapEx

4%

$177

Vacancy

3%

$133

Maintenance

4%

$177

Other

11%

$488

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