REI Lense

REI Lense

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$3,452 (target)

1400 E Summerplace St, Meridian, ID 83646

3 beds • 2 baths • 1614 sqft

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This property looks like a bad Mid-Term investment with a projected -6.91% first-year return on $123k initial cash invested.

-6.91%

Cash On Cash

4.74%

Cap Rate

0.78

DSCR

$3,452

Rent

-$708

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,452 income − $4,160 expenses = $708 out of pocket

Income$3,452Out of Pocket$708Mortgage P&I$2,54474%Property Taxes$1244%Insurance$1755%HOA$1434%Management$41412%CapEx$1384%Vacancy$1043%Maintenance$1384%Other$38011%

Investment Breakdown

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Purchase Price

$500k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,980

Closing costs

1%

$4,999

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,452

Total Expenses

$4,160

Mortgage P&I

74%

$2,544

Property Taxes

4%

$124

Home Insurance

5%

$175

HOA

4%

$143

Property Management

12%

$414

CapEx

4%

$138

Vacancy

3%

$104

Maintenance

4%

$138

Other

11%

$380

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