REI Lense

REI Lense

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$2,066 (target)

3007 W Goldmine Mountain Dr, Queen Creek, AZ 85242

beds • baths • sqft

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This property looks like a bad Long-Term investment with a projected -17.03% first-year return on $118k initial cash invested.

-17.03%

Cash On Cash

2.74%

Cap Rate

0.45

DSCR

$2,066

Rent

-$1,669

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,066 income − $3,735 expenses = $1,669 out of pocket

Income$2,066Out of Pocket$1,669Mortgage P&I$2,843138%Property Taxes$21510%Insurance$1407%Management$20710%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

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Purchase Price

$560k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$112k

Closing costs

1%

$5,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,066

Total Expenses

$3,735

Mortgage P&I

138%

$2,843

Property Taxes

10%

$215

Home Insurance

7%

$140

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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