REI Lense

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$2,141 (target)

2505 E Fair St, Garden City, KS 67846

3 beds • 2 baths • 1116 sqft

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This property looks like a bad Long-Term investment with a projected -5.7% first-year return on $51,177 initial cash invested.

-5.7%

Cash On Cash

5.84%

Cap Rate

0.9

DSCR

$2,141

Rent

-$243

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,141 income − $2,384 expenses = $243 out of pocket

Income$2,141Out of Pocket$243Mortgage P&I$1,32262%Property Taxes$41920%Insurance$874%Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$244k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,177

Downpayment

20%

$48,740

Closing costs

1%

$2,437

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,141

Total Expenses

$2,384

Mortgage P&I

62%

$1,322

Property Taxes

20%

$419

Home Insurance

4%

$87

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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