REI Lense

REI Lense

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$2,204 (target)

346 N Fairway Ave, Wichita, KS 67212

3 beds • 4 baths • 3765 sqft

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This property looks like a bad Long-Term investment with a projected -11.14% first-year return on $73,479 initial cash invested.

-11.14%

Cash On Cash

4.18%

Cap Rate

0.68

DSCR

$2,204

Rent

-$682

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,204 income − $2,886 expenses = $682 out of pocket

Income$2,204Out of Pocket$682Mortgage P&I$1,79281%Property Taxes$40018%Insurance$1226%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,204

Total Expenses

$2,886

Mortgage P&I

81%

$1,792

Property Taxes

18%

$400

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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