REI Lense

REI Lense

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$2,141 (target)

516 Canal Drive SE, Ocean Shores, WA 98569

3 beds • 2 baths • 1618 sqft

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This property looks like a bad Long-Term investment with a projected -11.07% first-year return on $77,826 initial cash invested.

-11.07%

Cash On Cash

4.67%

Cap Rate

0.7

DSCR

$2,141

Rent

-$718

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,141 income − $2,859 expenses = $718 out of pocket

Income$2,141Out of Pocket$718Mortgage P&I$2,05296%Property Taxes$1206%Insurance$1316%Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$371k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,826

Downpayment

20%

$74,120

Closing costs

1%

$3,706

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,141

Total Expenses

$2,859

Mortgage P&I

96%

$2,052

Property Taxes

6%

$120

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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