REI Lense

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$3,002 (target)

5309 Lathrop AVENUE, Racine, WI 53403

3 beds • 3 baths • 2524 sqft

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This property looks like a bad Long-Term investment with a projected -12.05% first-year return on $111k initial cash invested.

-12.05%

Cash On Cash

3.82%

Cap Rate

0.64

DSCR

$3,002

Rent

-$1,114

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,002 income − $4,116 expenses = $1,114 out of pocket

Income$3,002Out of Pocket$1,114Mortgage P&I$2,64788%Property Taxes$50017%Insurance$1896%Management$30010%CapEx$1505%Vacancy$1806%Maintenance$1505%

Investment Breakdown

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Purchase Price

$528k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$106k

Closing costs

1%

$5,283

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,002

Total Expenses

$4,116

Mortgage P&I

88%

$2,647

Property Taxes

17%

$500

Home Insurance

6%

$189

HOA

0%

$0

Property Management

10%

$300

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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