REI Lense

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$3,603 (target)

2228 Tandem Court SE, Olympia, WA 98501

3 beds • 2 baths • 1308 sqft

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This property looks like a bad Mid-Term investment with a projected -0.96% first-year return on $116k initial cash invested.

-0.96%

Cash On Cash

6.01%

Cap Rate

1.02

DSCR

$3,603

Rent

-$93

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,603 income − $3,696 expenses = $93 out of pocket

Income$3,603Out of Pocket$93Mortgage P&I$2,28463%Property Taxes$221%Insurance$1665%Management$43212%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39611%

Investment Breakdown

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Purchase Price

$466k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,220

Closing costs

1%

$4,661

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,603

Total Expenses

$3,696

Mortgage P&I

63%

$2,284

Property Taxes

1%

$22

Home Insurance

5%

$166

HOA

0%

$0

Property Management

12%

$432

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$396

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