REI Lense

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$2,348 (target)

308 SE 2nd St, Newton, KS 67114

3 beds • 2 baths • 2317 sqft

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This property might be a fair Mid-Term investment with a projected 6.49% first-year return on $54,750 initial cash invested.

6.49%

Cash On Cash

9.08%

Cap Rate

1.42

DSCR

$2,348

Rent

$296

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,348 income − $2,052 expenses = $296 cash flow

Income$2,348Mortgage P&I$93440%Property Taxes$25911%Insurance$613%Management$28212%CapEx$944%Vacancy$703%Maintenance$944%Other$25811%Cash Flow$296

Investment Breakdown

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Purchase Price

$175k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,750

Downpayment

20%

$35,000

Closing costs

1%

$1,750

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,348

Total Expenses

$2,052

Mortgage P&I

40%

$934

Property Taxes

11%

$259

Home Insurance

3%

$61

HOA

0%

$0

Property Management

12%

$282

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$258

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