REI Lense

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$3,201 (target)

3420 Ivy LANE, Racine, WI 53402

3 beds • 2 baths • 1376 sqft

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This property looks like a bad Mid-Term investment with a projected -4.68% first-year return on $94,608 initial cash invested.

-4.68%

Cash On Cash

5.38%

Cap Rate

0.87

DSCR

$3,201

Rent

-$369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,201 income − $3,570 expenses = $369 out of pocket

Income$3,201Out of Pocket$369Mortgage P&I$1,87859%Property Taxes$47615%Insurance$1284%Management$38412%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35211%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,608

Downpayment

20%

$72,960

Closing costs

1%

$3,648

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,201

Total Expenses

$3,570

Mortgage P&I

59%

$1,878

Property Taxes

15%

$476

Home Insurance

4%

$128

HOA

0%

$0

Property Management

12%

$384

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$352

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