REI Lense

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$1,750 (target)

2710 Concord DRIVE, Racine, WI 53403

3 beds • 2 baths • 1128 sqft

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This property looks like a bad Long-Term investment with a projected -14.96% first-year return on $60,018 initial cash invested.

-14.96%

Cash On Cash

3.41%

Cap Rate

0.55

DSCR

$1,750

Rent

-$748

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,750 income − $2,498 expenses = $748 out of pocket

Income$1,750Out of Pocket$748Mortgage P&I$1,47184%Property Taxes$46927%Insurance$1026%Management$17510%CapEx$885%Vacancy$1056%Maintenance$885%

Investment Breakdown

|

Purchase Price

$286k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,018

Downpayment

20%

$57,160

Closing costs

1%

$2,858

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,750

Total Expenses

$2,498

Mortgage P&I

84%

$1,471

Property Taxes

27%

$469

Home Insurance

6%

$102

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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