REI Lense

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$4,346 (target)

3202 241st Street E, Spanaway, WA 98387

3 beds • 3 baths • 2002 sqft

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This property looks like a bad Mid-Term investment with a projected -0.66% first-year return on $124k initial cash invested.

-0.66%

Cash On Cash

6.16%

Cap Rate

1.04

DSCR

$4,346

Rent

-$68

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,346 income − $4,414 expenses = $68 out of pocket

Income$4,346Out of Pocket$68Mortgage P&I$2,48757%Property Taxes$2265%Insurance$1774%HOA$461%Management$52212%CapEx$1744%Vacancy$1303%Maintenance$1744%Other$47811%

Investment Breakdown

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Purchase Price

$505k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,050

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,346

Total Expenses

$4,414

Mortgage P&I

57%

$2,487

Property Taxes

5%

$226

Home Insurance

4%

$177

HOA

1%

$46

Property Management

12%

$522

CapEx

4%

$174

Vacancy

3%

$130

Maintenance

4%

$174

Other

11%

$478

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