REI Lense

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$2,766 (target)

2905 Lake Vista COURT, Racine, WI 53402

3 beds • 3 baths • 470 sqft

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This property looks like a bad Mid-Term investment with a projected -6.7% first-year return on $96,729 initial cash invested.

-6.7%

Cash On Cash

4.71%

Cap Rate

0.77

DSCR

$2,766

Rent

-$540

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,766 income − $3,306 expenses = $540 out of pocket

Income$2,766Out of Pocket$540Mortgage P&I$1,90069%Property Taxes$33412%Insurance$1315%Management$33212%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30411%

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,729

Downpayment

20%

$74,980

Closing costs

1%

$3,749

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,766

Total Expenses

$3,306

Mortgage P&I

69%

$1,900

Property Taxes

12%

$334

Home Insurance

5%

$131

HOA

0%

$0

Property Management

12%

$332

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$304

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