REI Lense

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$2,897 (target)

3202 241st Street E, Spanaway, WA 98387

3 beds • 3 baths • 2002 sqft

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This property looks like a bad Long-Term investment with a projected -8.97% first-year return on $106k initial cash invested.

-8.97%

Cash On Cash

4.37%

Cap Rate

0.74

DSCR

$2,897

Rent

-$793

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,897 income − $3,690 expenses = $793 out of pocket

Income$2,897Out of Pocket$793Mortgage P&I$2,48786%Property Taxes$2268%Insurance$1776%HOA$462%Management$29010%CapEx$1455%Vacancy$1746%Maintenance$1455%

Investment Breakdown

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Purchase Price

$505k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,897

Total Expenses

$3,690

Mortgage P&I

86%

$2,487

Property Taxes

8%

$226

Home Insurance

6%

$177

HOA

2%

$46

Property Management

10%

$290

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

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