REI Lense

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$6,444 (target)

1315 Redmond Place NE, Renton, WA 98056

3 beds • 3 baths • 2690 sqft

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This property looks like a bad Mid-Term investment with a projected -10.62% first-year return on $218k initial cash invested.

-10.62%

Cash On Cash

4.01%

Cap Rate

0.66

DSCR

$6,444

Rent

-$1,927

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,444 income − $8,371 expenses = $1,927 out of pocket

Income$6,444Out of Pocket$1,927Mortgage P&I$4,84975%Property Taxes$97215%Insurance$3425%HOA$17Management$77312%CapEx$2584%Vacancy$1933%Maintenance$2584%Other$70911%

Investment Breakdown

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Purchase Price

$951k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$218k

Downpayment

20%

$190k

Closing costs

1%

$9,514

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,444

Total Expenses

$8,371

Mortgage P&I

75%

$4,849

Property Taxes

15%

$972

Home Insurance

5%

$342

HOA

0%

$17

Property Management

12%

$773

CapEx

4%

$258

Vacancy

3%

$193

Maintenance

4%

$258

Other

11%

$709

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