REI Lense

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$1,524 (target)

515 E 13th St, Concordia, KS 66901

3 beds • 2 baths • 2052 sqft

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This property looks like a bad Mid-Term investment with a projected -4.59% first-year return on $53,616 initial cash invested.

-4.59%

Cash On Cash

5.11%

Cap Rate

0.83

DSCR

$1,524

Rent

-$205

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,524 income − $1,729 expenses = $205 out of pocket

Income$1,524Out of Pocket$205Mortgage P&I$86657%Property Taxes$27618%Insurance$684%Management$18312%CapEx$614%Vacancy$463%Maintenance$614%Other$16811%

Investment Breakdown

|

Purchase Price

$170k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,616

Downpayment

20%

$33,920

Closing costs

1%

$1,696

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$1,524

Total Expenses

$1,729

Mortgage P&I

57%

$866

Property Taxes

18%

$276

Home Insurance

4%

$68

HOA

0%

$0

Property Management

12%

$183

CapEx

4%

$61

Vacancy

3%

$46

Maintenance

4%

$61

Other

11%

$168

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