REI Lense

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$2,928 (target)

1542 Ostergaard AVENUE, Racine, WI 53406

3 beds • 2 baths • 1592 sqft

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This property might be a fair Mid-Term investment with a projected 0.95% first-year return on $73,629 initial cash invested.

0.95%

Cash On Cash

6.89%

Cap Rate

1.13

DSCR

$2,928

Rent

$58

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,928 income − $2,870 expenses = $58 cash flow

Income$2,928Mortgage P&I$1,34546%Property Taxes$43715%Insurance$933%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%Cash Flow$58

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,629

Downpayment

20%

$52,980

Closing costs

1%

$2,649

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,928

Total Expenses

$2,870

Mortgage P&I

46%

$1,345

Property Taxes

15%

$437

Home Insurance

3%

$93

HOA

0%

$0

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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