REI Lense

REI Lense

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$1,565 (target)

308 SE 2nd St, Newton, KS 67114

3 beds • 2 baths • 2317 sqft

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This property looks like a bad Long-Term investment with a projected -3.1% first-year return on $36,750 initial cash invested.

-3.1%

Cash On Cash

6.29%

Cap Rate

0.98

DSCR

$1,565

Rent

-$95

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,565 income − $1,660 expenses = $95 out of pocket

Income$1,565Out of Pocket$95Mortgage P&I$93460%Property Taxes$25917%Insurance$614%Management$15610%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$175k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,750

Downpayment

20%

$35,000

Closing costs

1%

$1,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,565

Total Expenses

$1,660

Mortgage P&I

60%

$934

Property Taxes

17%

$259

Home Insurance

4%

$61

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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