REI Lense

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$4,252 (target)

21302 38th Avenue Ct E, Spanaway, WA 98387

3 beds • 3 baths • 1604 sqft

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This property looks like a bad Mid-Term investment with a projected -6.36% first-year return on $133k initial cash invested.

-6.36%

Cash On Cash

4.92%

Cap Rate

0.81

DSCR

$4,252

Rent

-$705

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,252 income − $4,957 expenses = $705 out of pocket

Income$4,252Out of Pocket$705Mortgage P&I$2,78365%Property Taxes$45111%Insurance$1925%HOA$852%Management$51012%CapEx$1704%Vacancy$1283%Maintenance$1704%Other$46811%

Investment Breakdown

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Purchase Price

$548k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$110k

Closing costs

1%

$5,482

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,252

Total Expenses

$4,957

Mortgage P&I

65%

$2,783

Property Taxes

11%

$451

Home Insurance

5%

$192

HOA

2%

$85

Property Management

12%

$510

CapEx

4%

$170

Vacancy

3%

$128

Maintenance

4%

$170

Other

11%

$468

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