REI Lense

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$2,069 (target)

13015 E Equestrian St, Wichita, KS 67230

3 beds • 2 baths • 1597 sqft

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This property looks like a bad Long-Term investment with a projected -15.53% first-year return on $66,150 initial cash invested.

-15.53%

Cash On Cash

3.85%

Cap Rate

0.57

DSCR

$2,069

Rent

-$856

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,069 income − $2,925 expenses = $856 out of pocket

Income$2,069Out of Pocket$856Mortgage P&I$1,76485%Property Taxes$33916%Insurance$1105%HOA$1758%Management$20710%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,069

Total Expenses

$2,925

Mortgage P&I

85%

$1,764

Property Taxes

16%

$339

Home Insurance

5%

$110

HOA

8%

$175

Property Management

10%

$207

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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