REI Lense

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$4,485 (target)

239 S Parkwood Ln, Wichita, KS 67218

3 beds • 3 baths • 2668 sqft

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This property might be a fair Mid-Term investment with a projected 8.59% first-year return on $91,500 initial cash invested.

8.59%

Cash On Cash

9.35%

Cap Rate

1.44

DSCR

$4,485

Rent

$655

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,485 income − $3,830 expenses = $655 cash flow

Income$4,485Mortgage P&I$1,89442%Property Taxes$2906%Insurance$1223%Management$53812%CapEx$1794%Vacancy$1353%Maintenance$1794%Other$49311%Cash Flow$655

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,485

Total Expenses

$3,830

Mortgage P&I

42%

$1,894

Property Taxes

6%

$290

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$538

CapEx

4%

$179

Vacancy

3%

$135

Maintenance

4%

$179

Other

11%

$493

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