REI Lense

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$2,931 (target)

1603 W ROVEY Avenue, Phoenix, AZ 85015

3 beds • 3 baths • 1849 sqft

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This property looks like a bad Long-Term investment with a projected -16.1% first-year return on $154k initial cash invested.

-16.1%

Cash On Cash

3.12%

Cap Rate

0.5

DSCR

$2,931

Rent

-$2,060

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,931 income − $4,991 expenses = $2,060 out of pocket

Income$2,931Out of Pocket$2,060Mortgage P&I$3,811130%Property Taxes$1555%Insurance$2629%Management$29310%CapEx$1475%Vacancy$1766%Maintenance$1475%

Investment Breakdown

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Purchase Price

$731k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$154k

Downpayment

20%

$146k

Closing costs

1%

$7,310

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,931

Total Expenses

$4,991

Mortgage P&I

130%

$3,811

Property Taxes

5%

$155

Home Insurance

9%

$262

HOA

0%

$0

Property Management

10%

$293

CapEx

5%

$147

Vacancy

6%

$176

Maintenance

5%

$147

Other

0%

$0

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