REI Lense

REI Lense

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$2,441 (target)

1484 E Summerplace St, Meridian, ID 83646

3 beds • 3 baths • 1855 sqft

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This property looks like a bad Long-Term investment with a projected -14.65% first-year return on $113k initial cash invested.

-14.65%

Cash On Cash

3.26%

Cap Rate

0.54

DSCR

$2,441

Rent

-$1,382

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,441 income − $3,823 expenses = $1,382 out of pocket

Income$2,441Out of Pocket$1,382Mortgage P&I$2,725112%Property Taxes$1325%Insurance$1898%HOA$1436%Management$24410%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

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Purchase Price

$539k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$108k

Closing costs

1%

$5,390

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,441

Total Expenses

$3,823

Mortgage P&I

112%

$2,725

Property Taxes

5%

$132

Home Insurance

8%

$189

HOA

6%

$143

Property Management

10%

$244

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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