REI Lense

REI Lense

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$1,438 (target)

501 Old Main St, Newton, KS 67114

3 beds • 2 baths • 1742 sqft

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This property might be a fair Long-Term investment with a projected 4.37% first-year return on $29,400 initial cash invested.

4.37%

Cash On Cash

8.01%

Cap Rate

1.24

DSCR

$1,438

Rent

$107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,438 income − $1,331 expenses = $107 cash flow

Income$1,438Mortgage P&I$75553%Property Taxes$15311%Insurance$493%Management$14410%CapEx$725%Vacancy$866%Maintenance$725%Cash Flow$107

Investment Breakdown

|

Purchase Price

$140k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$29,400

Downpayment

20%

$28,000

Closing costs

1%

$1,400

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,438

Total Expenses

$1,331

Mortgage P&I

53%

$755

Property Taxes

11%

$153

Home Insurance

3%

$49

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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