REI Lense

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$2,671 (target)

1513 198th Street E, Spanaway, WA 98387

3 beds • 3 baths • 1608 sqft

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This property looks like a bad Long-Term investment with a projected -13.48% first-year return on $105k initial cash invested.

-13.48%

Cash On Cash

3.51%

Cap Rate

0.58

DSCR

$2,671

Rent

-$1,176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,671 income − $3,847 expenses = $1,176 out of pocket

Income$2,671Out of Pocket$1,176Mortgage P&I$2,50094%Property Taxes$41015%Insurance$1757%HOA$673%Management$26710%CapEx$1345%Vacancy$1606%Maintenance$1345%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$99,720

Closing costs

1%

$4,986

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,671

Total Expenses

$3,847

Mortgage P&I

94%

$2,500

Property Taxes

15%

$410

Home Insurance

7%

$175

HOA

3%

$67

Property Management

10%

$267

CapEx

5%

$134

Vacancy

6%

$160

Maintenance

5%

$134

Other

0%

$0

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