REI Lense

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$1,228 (target)

1639 S Lulu Ave, Wichita, KS 67211

3 beds • 2 baths • 1129 sqft

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This property looks like a bad Long-Term investment with a projected -10.53% first-year return on $48,300 initial cash invested.

-10.53%

Cash On Cash

4.57%

Cap Rate

0.71

DSCR

$1,228

Rent

-$424

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,228 income − $1,652 expenses = $424 out of pocket

Income$1,228Out of Pocket$424Mortgage P&I$1,238101%Property Taxes$151%Insurance$807%Management$12310%CapEx$615%Vacancy$746%Maintenance$615%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,228

Total Expenses

$1,652

Mortgage P&I

101%

$1,238

Property Taxes

1%

$15

Home Insurance

7%

$80

HOA

0%

$0

Property Management

10%

$123

CapEx

5%

$61

Vacancy

6%

$74

Maintenance

5%

$61

Other

0%

$0

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