REI Lense

REI Lense

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$2,076 (target)

1605 N Illinois Ave, Wichita, KS 67203

3 beds • 2 baths • 2136 sqft

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This property looks like a bad Mid-Term investment with a projected -4.09% first-year return on $73,650 initial cash invested.

-4.09%

Cash On Cash

5.26%

Cap Rate

0.87

DSCR

$2,076

Rent

-$251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,076

Total Expenses

$2,327

Mortgage P&I

64%

$1,330

Property Taxes

10%

$199

Home Insurance

4%

$93

HOA

0%

$0

Property Management

12%

$249

CapEx

4%

$83

Vacancy

3%

$62

Maintenance

4%

$83

Other

11%

$228

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