REI Lense

REI Lense

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$2,031 (target)

3040 Meachem ROAD, Racine, WI 53405

3 beds • 2 baths • 1202 sqft

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This property looks like a bad Long-Term investment with a projected -10.21% first-year return on $64,533 initial cash invested.

-10.21%

Cash On Cash

4.43%

Cap Rate

0.72

DSCR

$2,031

Rent

-$549

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,031 income − $2,580 expenses = $549 out of pocket

Income$2,031Out of Pocket$549Mortgage P&I$1,58278%Property Taxes$36118%Insurance$1085%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,533

Downpayment

20%

$61,460

Closing costs

1%

$3,073

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,031

Total Expenses

$2,580

Mortgage P&I

78%

$1,582

Property Taxes

18%

$361

Home Insurance

5%

$108

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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