REI Lense

REI Lense

$1,731 (target)

515 W 6th St, Colby, KS 67701

3 beds • 2 baths • 1520 sqft

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This property might be a fair Mid-Term investment with a projected 7.75% first-year return on $44,292 initial cash invested.

7.75%

Cash On Cash

9.85%

Cap Rate

1.53

DSCR

$1,731

Rent

$286

Cashflow

Cash Flow

$1,731 income − $1,445 expenses = $286 cash flow

Income$1,731P&I$67339%Taxes$1338%Insurance$513%Mgmt$20812%CapEx$694%Vacancy$523%Maint.$694%Other$19011%Cash Flow$286

Investment Breakdown

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Purchase Price

$125k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,292

Downpayment

20%

$25,040

Closing costs

1%

$1,252

Rehab

0%

$0

Furnishing

14%

$18,000

Cashflow

Total Income

$1,731

Total Expenses

$1,445

Mortgage P&I

39%

$673

Property Taxes

8%

$133

Home Insurance

3%

$51

HOA

0%

$0

Property Management

12%

$208

CapEx

4%

$69

Vacancy

3%

$52

Maintenance

4%

$69

Other

11%

$190

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