REI Lense

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$2,070 (target)

515 Polk Rd #65, Mena, AR 71953

3 beds • 2 baths • 2314 sqft

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This property might be a fair Mid-Term investment with a projected 4.67% first-year return on $56,997 initial cash invested.

4.67%

Cash On Cash

8.04%

Cap Rate

1.32

DSCR

$2,070

Rent

$222

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,070 income − $1,848 expenses = $222 cash flow

Income$2,070Mortgage P&I$93945%Property Taxes$1025%Insurance$1035%Management$24812%CapEx$834%Vacancy$623%Maintenance$834%Other$22811%Cash Flow$222

Investment Breakdown

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Purchase Price

$186k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,997

Downpayment

20%

$37,140

Closing costs

1%

$1,857

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,070

Total Expenses

$1,848

Mortgage P&I

45%

$939

Property Taxes

5%

$102

Home Insurance

5%

$103

HOA

0%

$0

Property Management

12%

$248

CapEx

4%

$83

Vacancy

3%

$62

Maintenance

4%

$83

Other

11%

$228

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