REI Lense

REI Lense

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$3,430 (target)

2142 Island Drive NW, Olympia, WA 98502

3 beds • 3 baths • 2800 sqft

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This property looks like a bad Long-Term investment with a projected -19.85% first-year return on $192k initial cash invested.

-19.85%

Cash On Cash

2.11%

Cap Rate

0.35

DSCR

$3,430

Rent

-$3,173

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,430 income − $6,603 expenses = $3,173 out of pocket

Income$3,430Out of Pocket$3,173Mortgage P&I$4,606134%Property Taxes$65519%Insurance$3229%HOA$1274%Management$34310%CapEx$1725%Vacancy$2066%Maintenance$1725%

Investment Breakdown

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Purchase Price

$914k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$192k

Downpayment

20%

$183k

Closing costs

1%

$9,136

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,430

Total Expenses

$6,603

Mortgage P&I

134%

$4,606

Property Taxes

19%

$655

Home Insurance

9%

$322

HOA

4%

$127

Property Management

10%

$343

CapEx

5%

$172

Vacancy

6%

$206

Maintenance

5%

$172

Other

0%

$0

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