REI Lense

REI Lense

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$2,402 (target)

2228 Tandem Court SE, Olympia, WA 98501

3 beds • 2 baths • 1308 sqft

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This property looks like a bad Long-Term investment with a projected -8.51% first-year return on $97,881 initial cash invested.

-8.51%

Cash On Cash

4.4%

Cap Rate

0.75

DSCR

$2,402

Rent

-$694

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,402 income − $3,096 expenses = $694 out of pocket

Income$2,402Out of Pocket$694Mortgage P&I$2,28495%Property Taxes$221%Insurance$1667%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$466k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,881

Downpayment

20%

$93,220

Closing costs

1%

$4,661

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,402

Total Expenses

$3,096

Mortgage P&I

95%

$2,284

Property Taxes

1%

$22

Home Insurance

7%

$166

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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