REI Lense

REI Lense

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$3,099 (target)

3007 W Goldmine Mountain Dr, Queen Creek, AZ 85242

beds • baths • sqft

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This property looks like a bad Mid-Term investment with a projected -11.77% first-year return on $118k initial cash invested.

-11.77%

Cash On Cash

3.89%

Cap Rate

0.64

DSCR

$3,099

Rent

-$1,153

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,099 income − $4,252 expenses = $1,153 out of pocket

Income$3,099Out of Pocket$1,153Mortgage P&I$2,84392%Property Taxes$2157%Insurance$1405%Management$37212%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34111%

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%

$1

Cashflow

Total Income

$3,099

Total Expenses

$4,252

Mortgage P&I

92%

$2,843

Property Taxes

7%

$215

Home Insurance

5%

$140

HOA

0%

$0

Property Management

12%

$372

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$341

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