REI Lense

REI Lense

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$2,264 (target)

29212 N 22ND Lane, Phoenix, AZ 85085

3 beds • 2 baths • 1504 sqft

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This property looks like a bad Long-Term investment with a projected -11.6% first-year return on $93,345 initial cash invested.

-11.6%

Cash On Cash

3.78%

Cap Rate

0.64

DSCR

$2,264

Rent

-$902

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,264 income − $3,166 expenses = $902 out of pocket

Income$2,264Out of Pocket$902Mortgage P&I$2,18997%Property Taxes$1597%Insurance$1617%HOA$693%Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

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Purchase Price

$445k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,345

Downpayment

20%

$88,900

Closing costs

1%

$4,445

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,264

Total Expenses

$3,166

Mortgage P&I

97%

$2,189

Property Taxes

7%

$159

Home Insurance

7%

$161

HOA

3%

$69

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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