REI Lense

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$1,573 (target)

2941 N Michigan Ave, Joplin, MO 64801

3 beds • 2 baths • 1965 sqft

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This property looks like a bad Long-Term investment with a projected -8.98% first-year return on $60,102 initial cash invested.

-8.98%

Cash On Cash

4.7%

Cap Rate

0.75

DSCR

$1,573

Rent

-$450

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,573 income − $2,023 expenses = $450 out of pocket

Income$1,573Out of Pocket$450Mortgage P&I$1,49295%Property Taxes$191%Insurance$1037%Management$15710%CapEx$795%Vacancy$946%Maintenance$795%

Investment Breakdown

|

Purchase Price

$286k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,102

Downpayment

20%

$57,240

Closing costs

1%

$2,862

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,573

Total Expenses

$2,023

Mortgage P&I

95%

$1,492

Property Taxes

1%

$19

Home Insurance

7%

$103

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$79

Vacancy

6%

$94

Maintenance

5%

$79

Other

0%

$0

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