REI Lense

REI Lense

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$2,316 (target)

535 Canal Drive NE, Ocean Shores, WA 98569

3 beds • 2 baths • 1248 sqft

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This property looks like a bad Mid-Term investment with a projected -8.46% first-year return on $93,201 initial cash invested.

-8.46%

Cash On Cash

4.38%

Cap Rate

0.7

DSCR

$2,316

Rent

-$657

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,316 income − $2,973 expenses = $657 out of pocket

Income$2,316Out of Pocket$657Mortgage P&I$1,87281%Property Taxes$1848%Insurance$1296%Management$27812%CapEx$934%Vacancy$693%Maintenance$934%Other$25511%

Investment Breakdown

|

Purchase Price

$358k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,201

Downpayment

20%

$71,620

Closing costs

1%

$3,581

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,316

Total Expenses

$2,973

Mortgage P&I

81%

$1,872

Property Taxes

8%

$184

Home Insurance

6%

$129

HOA

0%

$0

Property Management

12%

$278

CapEx

4%

$93

Vacancy

3%

$69

Maintenance

4%

$93

Other

11%

$255

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