REI Lense

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$1,758 (target)

1210 N Farmstead St, Wichita, KS 67208

3 beds • 2 baths • 2104 sqft

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This property looks like a bad Long-Term investment with a projected -7.02% first-year return on $57,750 initial cash invested.

-7.02%

Cash On Cash

4.8%

Cap Rate

0.81

DSCR

$1,758

Rent

-$338

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,758 income − $2,096 expenses = $338 out of pocket

Income$1,758Out of Pocket$338Mortgage P&I$1,35177%Property Taxes$19211%Insurance$965%Management$17610%CapEx$885%Vacancy$1056%Maintenance$885%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,758

Total Expenses

$2,096

Mortgage P&I

77%

$1,351

Property Taxes

11%

$192

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$176

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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