REI Lense

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$1,737 (target)

2621 Gilson STREET, Racine, WI 53403

3 beds • 2 baths • 1000 sqft

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This property looks like a bad Long-Term investment with a projected -8.85% first-year return on $47,733 initial cash invested.

-8.85%

Cash On Cash

5.02%

Cap Rate

0.78

DSCR

$1,737

Rent

-$352

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,737 income − $2,089 expenses = $352 out of pocket

Income$1,737Out of Pocket$352Mortgage P&I$1,21570%Property Taxes$34320%Insurance$795%Management$17410%CapEx$875%Vacancy$1046%Maintenance$875%

Investment Breakdown

|

Purchase Price

$227k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,733

Downpayment

20%

$45,460

Closing costs

1%

$2,273

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,737

Total Expenses

$2,089

Mortgage P&I

70%

$1,215

Property Taxes

20%

$343

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$174

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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