REI Lense

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$4,842 (target)

2 Longshore Lane, Bellingham, WA 98229

3 beds • 2 baths • 2412 sqft

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This property looks like a bad Mid-Term investment with a projected -16.2% first-year return on $221k initial cash invested.

-16.2%

Cash On Cash

2.49%

Cap Rate

0.42

DSCR

$4,842

Rent

-$2,986

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,842 income − $7,828 expenses = $2,986 out of pocket

Income$4,842Out of Pocket$2,986Mortgage P&I$4,79699%Property Taxes$71115%Insurance$3487%HOA$3267%Management$58112%CapEx$1944%Vacancy$1453%Maintenance$1944%Other$53311%

Investment Breakdown

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Purchase Price

$968k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$221k

Downpayment

20%

$194k

Closing costs

1%

$9,677

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,842

Total Expenses

$7,828

Mortgage P&I

99%

$4,796

Property Taxes

15%

$711

Home Insurance

7%

$348

HOA

7%

$326

Property Management

12%

$581

CapEx

4%

$194

Vacancy

3%

$145

Maintenance

4%

$194

Other

11%

$533

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