REI Lense

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$1,137 (target)

2804 S Everett Ave, Wichita, KS 67217

3 beds • 2 baths • 924 sqft

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This property looks like a bad Long-Term investment with a projected -10.32% first-year return on $39,900 initial cash invested.

-10.32%

Cash On Cash

4.65%

Cap Rate

0.72

DSCR

$1,137

Rent

-$343

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,137 income − $1,480 expenses = $343 out of pocket

Income$1,137Out of Pocket$343Mortgage P&I$1,02390%Property Taxes$958%Insurance$666%Management$11410%CapEx$575%Vacancy$686%Maintenance$575%

Investment Breakdown

|

Purchase Price

$190k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,900

Downpayment

20%

$38,000

Closing costs

1%

$1,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,137

Total Expenses

$1,480

Mortgage P&I

90%

$1,023

Property Taxes

8%

$95

Home Insurance

6%

$66

HOA

0%

$0

Property Management

10%

$114

CapEx

5%

$57

Vacancy

6%

$68

Maintenance

5%

$57

Other

0%

$0

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