REI Lense

REI Lense

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$3,626 (target)

1532 W Fairmount Avenue, Phoenix, AZ 85015

3 beds • 2 baths • 1411 sqft

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This property looks like a bad Mid-Term investment with a projected -7.82% first-year return on $143k initial cash invested.

-7.82%

Cash On Cash

4.51%

Cap Rate

0.74

DSCR

$3,626

Rent

-$931

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,626 income − $4,557 expenses = $931 out of pocket

Income$3,626Out of Pocket$931Mortgage P&I$3,02483%Property Taxes$923%Insurance$2086%Management$43512%CapEx$1454%Vacancy$1093%Maintenance$1454%Other$39911%

Investment Breakdown

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Purchase Price

$595k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$143k

Downpayment

20%

$119k

Closing costs

1%

$5,950

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,626

Total Expenses

$4,557

Mortgage P&I

83%

$3,024

Property Taxes

3%

$92

Home Insurance

6%

$208

HOA

0%

$0

Property Management

12%

$435

CapEx

4%

$145

Vacancy

3%

$109

Maintenance

4%

$145

Other

11%

$399

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