REI Lense

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$3,592 (target)

2321 N 3rd St, Garden City, KS 67846

3 beds • 3 baths • 2649 sqft

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This property looks like a bad Mid-Term investment with a projected -8.04% first-year return on $118k initial cash invested.

-8.04%

Cash On Cash

4.37%

Cap Rate

0.73

DSCR

$3,592

Rent

-$789

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,592 income − $4,381 expenses = $789 out of pocket

Income$3,592Out of Pocket$789Mortgage P&I$2,37466%Property Taxes$61917%Insurance$1665%Management$43112%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39511%

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,980

Closing costs

1%

$4,749

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,592

Total Expenses

$4,381

Mortgage P&I

66%

$2,374

Property Taxes

17%

$619

Home Insurance

5%

$166

HOA

0%

$0

Property Management

12%

$431

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$395

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