REI Lense

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$2,348 (target)

1422 E Prairie Hill St, Wichita, KS 67219

3 beds • 3 baths • 2224 sqft

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This property looks like a bad Long-Term investment with a projected -1.7% first-year return on $57,750 initial cash invested.

-1.7%

Cash On Cash

6.16%

Cap Rate

1.03

DSCR

$2,348

Rent

-$82

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,348 income − $2,430 expenses = $82 out of pocket

Income$2,348Out of Pocket$82Mortgage P&I$1,37659%Property Taxes$32414%Insurance$964%HOA$241%Management$23510%CapEx$1175%Vacancy$1416%Maintenance$1175%

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.4%

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

$2,348

Total Expenses

$2,430

Mortgage P&I

59%

$1,376

Property Taxes

14%

$324

Home Insurance

4%

$96

HOA

1%

$24

Property Management

10%

$235

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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