REI Lense

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$1,952 (target)

1542 Ostergaard AVENUE, Racine, WI 53406

3 beds • 2 baths • 1592 sqft

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This property looks like a bad Long-Term investment with a projected -9.3% first-year return on $55,629 initial cash invested.

-9.3%

Cash On Cash

4.58%

Cap Rate

0.75

DSCR

$1,952

Rent

-$431

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,952 income − $2,383 expenses = $431 out of pocket

Income$1,952Out of Pocket$431Mortgage P&I$1,34569%Property Taxes$43722%Insurance$935%Management$19510%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,629

Downpayment

20%

$52,980

Closing costs

1%

$2,649

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,952

Total Expenses

$2,383

Mortgage P&I

69%

$1,345

Property Taxes

22%

$437

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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