REI Lense

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$2,157 (target)

501 Old Main St, Newton, KS 67114

3 beds • 2 baths • 1742 sqft

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This property could be a profitable Mid-Term investment with a projected 11.82% first-year return on $47,400 initial cash invested.

11.82%

Cash On Cash

11.21%

Cap Rate

1.73

DSCR

$2,157

Rent

$467

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,157 income − $1,690 expenses = $467 cash flow

Income$2,157Mortgage P&I$75535%Property Taxes$1537%Insurance$492%Management$25912%CapEx$864%Vacancy$653%Maintenance$864%Other$23711%Cash Flow$467

Investment Breakdown

|

Purchase Price

$140k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,400

Downpayment

20%

$28,000

Closing costs

1%

$1,400

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$2,157

Total Expenses

$1,690

Mortgage P&I

35%

$755

Property Taxes

7%

$153

Home Insurance

2%

$49

HOA

0%

$0

Property Management

12%

$259

CapEx

4%

$86

Vacancy

3%

$65

Maintenance

4%

$86

Other

11%

$237

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