REI Lense

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$1,175 (target)

321 E Minneapolis Ave, Salina, KS 67401

3 beds • 3 baths • 1447 sqft

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This property looks like a bad Long-Term investment with a projected -9.96% first-year return on $33,600 initial cash invested.

-9.96%

Cash On Cash

4.94%

Cap Rate

0.75

DSCR

$1,175

Rent

-$279

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,175 income − $1,454 expenses = $279 out of pocket

Income$1,175Out of Pocket$279Mortgage P&I$87975%Property Taxes$21318%Insurance$565%Management$11810%CapEx$595%Vacancy$706%Maintenance$595%

Investment Breakdown

|

Purchase Price

$160k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,600

Downpayment

20%

$32,000

Closing costs

1%

$1,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,175

Total Expenses

$1,454

Mortgage P&I

75%

$879

Property Taxes

18%

$213

Home Insurance

5%

$56

HOA

0%

$0

Property Management

10%

$118

CapEx

5%

$59

Vacancy

6%

$70

Maintenance

5%

$59

Other

0%

$0

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