REI Lense

REI Lense

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$1,380 (target)

515 Polk Rd #65, Mena, AR 71953

3 beds • 2 baths • 2314 sqft

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This property looks like a bad Long-Term investment with a projected -3.78% first-year return on $38,997 initial cash invested.

-3.78%

Cash On Cash

5.72%

Cap Rate

0.94

DSCR

$1,380

Rent

-$123

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,380 income − $1,503 expenses = $123 out of pocket

Income$1,380Out of Pocket$123Mortgage P&I$93968%Property Taxes$1027%Insurance$1037%Management$13810%CapEx$695%Vacancy$836%Maintenance$695%

Investment Breakdown

|

Purchase Price

$186k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,997

Downpayment

20%

$37,140

Closing costs

1%

$1,857

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,380

Total Expenses

$1,503

Mortgage P&I

68%

$939

Property Taxes

7%

$102

Home Insurance

7%

$103

HOA

0%

$0

Property Management

10%

$138

CapEx

5%

$69

Vacancy

6%

$83

Maintenance

5%

$69

Other

0%

$0

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