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$3,046 (target)

3040 Meachem ROAD, Racine, WI 53405

3 beds • 2 baths • 1202 sqft

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This property looks like a bad Mid-Term investment with a projected -0.6% first-year return on $82,533 initial cash invested.

-0.6%

Cash On Cash

6.49%

Cap Rate

1.05

DSCR

$3,046

Rent

-$41

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,046 income − $3,087 expenses = $41 out of pocket

Income$3,046Out of Pocket$41Mortgage P&I$1,58252%Property Taxes$36112%Insurance$1084%Management$36612%CapEx$1224%Vacancy$913%Maintenance$1224%Other$33511%

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,533

Downpayment

20%

$61,460

Closing costs

1%

$3,073

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,046

Total Expenses

$3,087

Mortgage P&I

52%

$1,582

Property Taxes

12%

$361

Home Insurance

4%

$108

HOA

0%

$0

Property Management

12%

$366

CapEx

4%

$122

Vacancy

3%

$91

Maintenance

4%

$122

Other

11%

$335

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