REI Lense

REI Lense

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$2,756 (target)

2637 S OLYMPIC Drive, Gilbert, AZ 85295

3 beds • 3 baths • 1862 sqft

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This property looks like a bad Long-Term investment with a projected -15.98% first-year return on $132k initial cash invested.

-15.98%

Cash On Cash

3.03%

Cap Rate

0.49

DSCR

$2,756

Rent

-$1,763

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,756 income − $4,519 expenses = $1,763 out of pocket

Income$2,756Out of Pocket$1,763Mortgage P&I$3,214117%Property Taxes$1676%Insurance$2268%HOA$1957%Management$27610%CapEx$1385%Vacancy$1656%Maintenance$1385%

Investment Breakdown

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Purchase Price

$630k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$126k

Closing costs

1%

$6,303

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,756

Total Expenses

$4,519

Mortgage P&I

117%

$3,214

Property Taxes

6%

$167

Home Insurance

8%

$226

HOA

7%

$195

Property Management

10%

$276

CapEx

5%

$138

Vacancy

6%

$165

Maintenance

5%

$138

Other

0%

$0

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