Property Analysis for 601 S Lorraine Ave, Wichita, KS 67211

Long-Term Rental Analysis

601 S Lorraine Ave, Wichita, KS 67211

$87,500 • 2 beds • 1 baths • 888 sqft

This property could be a profitable Long-Term investment with a projected 10.51% first-year return on $18,375 initial cash invested.

Cash On Cash

10.51%

Cap Rate

9.22%

Rent

$902

Cashflow

$161

Rent Confidence: High

Annual

$10,824

Median

$900

Avg

$902

Samples

Financing

Purchase Price $87,500

Downpayment 20.0%

Interest Rate 7.0%

Mortgage Duration 30yr.

Cash To Invest

Total $18,375

Downpayment 20% $17,500

Closing costs 1% $875

Rehab 0% $0

Furnishing 0% $0

Cashflow

Total Income $902

Total Expenses $741

Mortgage P&I 52% $466

Property Taxes 5% $41

Home Insurance 0% $0

PManagement 10% $90

CapEx 5% $45

Vacancy 6% $54

Maintenance 5% $45

Other 0% $0

Google Maps with the subject property comparables is loading...

#	Comparable Property	Rent	Beds	Baths	SQFT	Distance
1	3421 E Gilbert St	$900	2	1	900	0.5 mi
2	602 S Yale St	$895	2	1	888	0.7 mi
3	651 S Quentin Ave	$950	2	1	864	0.8 mi
4	863 S Broadview St, # 855	$995	2	1	880	1.3 mi
5	2658 E Grail St, Unit 1	$950	2	1	873	1.2 mi
6	335 S Lorraine St	$725	2	1	839	0.5 mi
7	701 S Vassar St	$900	2	1	950	0.5 mi
8	828 S Green St	$995	2	1	840	0.7 mi
9	326 S Lorraine Ave	$995	2	1	950	0.5 mi
10	2314 E 2nd St N	$875	2	1	886	1.6 mi
11	534 S Estelle St	$900	2	1	816	0.4 mi
12	3612 E 2nd St N, # N2	$750	2	1	900	1.6 mi
13	702 S Clifton Ave	$895	2	1	972	0.6 mi
14	202 N Ash St	$995	2	1	864	1.6 mi
15	557 S Chautauqua Ave	$950	2	1	1008	0.1 mi
16	636 S Fountain St	$850	2	1	836	1.1 mi
17	343 S Vassar St	$975	2	1	812	0.6 mi
18	601 S Holyoke St	$925	2	1	782	0.2 mi
19	208 N Ash St	$750	2	1	856	1.6 mi
20	1324 S Ash St	$875	2	1	829	1.5 mi
21	838 S Chautauqua Ave	$900	2	1	768	0.5 mi
22	256 N Estelle St	$1145	2	1	975	1.5 mi
23	2343 E Rivera St	$795	2	1	792	1.1 mi
24	317 S Chautauqua Ave	$725	2	1	750	0.6 mi
25	855-863 S Broadview St, # 857	$950	2	1.5	880	1.3 mi

Projections