REI Lense

REI Lense

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$3,046 (target)

56 Illinois STREET, Racine, WI 53405

3 beds • 2 baths • 1338 sqft

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This property looks like a bad Mid-Term investment with a projected -2.21% first-year return on $81,021 initial cash invested.

-2.21%

Cash On Cash

5.95%

Cap Rate

0.98

DSCR

$3,046

Rent

-$149

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,021

Downpayment

20%

$60,020

Closing costs

1%

$3,001

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,046

Total Expenses

$3,195

Mortgage P&I

50%

$1,515

Property Taxes

18%

$539

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$366

CapEx

4%

$122

Vacancy

3%

$91

Maintenance

4%

$122

Other

11%

$335

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